ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Down Path Is Protecting
Although brent received some backlash when Russian oil pipeline operator Transneft announced that it stopped oil shipments to Europe via Ukraine, recession risks in global markets continue to be one of the main factors in the pressure on brent oil. In addition, the CPI data to be announced in the USA will be closely followed in terms of pricing. Technically speaking, in brent oil, where the outlook will remain bearish as long as the 96.75 resistance indicated by the 50-period exponential moving average is maintained, a regression to 90.45 support can be observed if the 92.30 level is permanently broken.
