ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL: Recession Concerns in Brent Petroleum Keep Pricing
The statements of Jerome Powell, who made a statement the day we left behind, that a recession may be possible in the country, cause oil prices to get heavier. Technically, the commodity, which continues to be priced in the bearish channel on the fourth trading day of the week, may decline to 104.65 support if it can provide permanent withdrawals below the 106.00 level. The critical 110.00 resistance will be followed closely in possible upward pulls in the pricing of Brent oil.
