ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL targeted 90.00 Level
High tension on the Russia-Ukraine line continues to bring purchases to Brent oil with possible supply concerns. On the other hand, expectations that the Organization of Petroleum Exporting Countries (OPEC) will stick to the current production plan at its meeting on Wednesday also reflects positively on oil. As a result, UKOIL continues to move within the ascending trend and if it breaks 90.00 resistance strongly, it will further target 91.35. On the other side, 87.50 will be the strong support line.
