ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL suffered from profit-taking
The statements of Antony Fauci, Director of the National Institute of Allergy and Infectious Diseases (NIAID) in the USA, that the new Omicron variant is less contagious than the Delta variant, reduced the concerns about the global recovery. However, statements of the hawkish members of the Federal Open Market Committee (FOMC) put pressure on UKOIL. It completed the retracement movement and if it breaks 74.20 support downwards, 73.00 and 71.70 supports will be on our radar. On the other side, 77.40 and 78.80 resistance levels will be followed in case of rises in prices.
