ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL Headed to Trend Testing
While the commodity, which is on the uptrend, shows decreases with the termination of the minor uptrend, the trend zone is important. In the current pressure, the 82.20 level, which is indicated by the 50-period simple moving average, is our first priority, while the 81.80 level, which is indicated by the uptrend, may come to the fore in case of momentary declines below this point. However, as long as it stays on the trend, there may be a climb towards the 85.20 region in the commodity, which will want to revive its rises.
