ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:Selling Pressure Continues in Brent Petrol
Brent oil has faced some backlash after its recent sharp decline. However, concerns about recession in global markets continue to be the main determinant in brent oil pricing. The effect of the quarantines is on the agenda again due to the concerns that virus cases will increase again in China, the world's largest oil importer. Technically, the commodity, which is traded around the psychological 100 borderlines on the fourth trading day of the week, is likely to decline to the 95.25 support if it permanently crosses below the 97.00 support. However, 102.00 and 104.50 resistances can be followed closely in possible upward attractions.
