ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL is likely to decline more
In the USA, which is the largest economy of the world, concerns on rising recession risks continue to be one of the main reasons for the decline in Brent oil. On the other hand, as a result of the sanction duel between Russia and the West, the natural gas arriving in Europe has been reduced to a large extent, as well as the significant decrease in oil production in Libya, where there is a political crisis, and supply concerns continue to be on the alert. Considering all these, 104.75 level may enter the radar of markets below 106.00 support level. On the other hand, we will keep an eye on 109.00 – 110.50 zone in Brent oil.
