ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL Rises With Supply Cuts
With the supply cut decision taken by OPEC+, the upward enthusiasm continues in the commodity, which entered the new week with strong value gains. While the statement that there will be 1.66 million barrels of cuts per day supports the rise in Ukoil, we are following the 85.45 resistance, which is indicated by the upper band of the upward channel in the current momentum. If this region is exceeded, 86.30 and 87.80 resistances may become targets. On the other hand, we will continue to monitor the 83.75 – 83.45 support range in case of possible pressures.
