ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL is at the end of the recovery movements
It is still unknown how will developed economies react to Omicron variant. And concerns that manufacturing sector, which creates the highest energy demand, will slow down lead to sales in UKOIL. Technically, the commodity completed the retracement movement and declined below the minor wedge pattern. If it breaks 73.60 downwards, we will follow 72.10 support. On the other side, 76.00 - 77.50 range will be on our radar.
