ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Recoveries Possibly Will Continue in Brent Oil
In the United States, which is the focus of global markets, we watched brent oil weaken with aggressive tightening messages from members of the governing council of the Central Bank (FED). However, after the decline in the coronavirus case in China, the world's largest oil importer, ending curfew restrictions in low-risk areas where 12 million people live in the city of Shanghai is supporting Brent oil prices. There are also ongoing supply concerns that may arise from the high tension in the Russia – Ukraine war. In this regard, if the commodity, which maintained its upward outlook on the last trading day of the week, can permanently exceed the resistance of 112.80, it can rise to the level of 115.40. In case of possible reseller movements that may occur, 108.60 and 106.50 supports may be raised.
