ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:The Path of Recovery in Brent Oil is Maintained
Aggressive tightening messages from the Central Bank (FED) Governing Council Members in the US at the monetary policy meetings in June and July were the main factor in the weakening of brent oil. However, while tensions are high in the Russia-Ukraine war, it is seen that the easing of the Covid-19 quarantines in China may support the global economy, and the commodity has settled on an upward path. Technically, when the 108.50 level below qualifies as support, in commodity pricing where the recovery momentum will be maintained as long as it is defended, if the 112.20 resistance can be overcome, the 114.00 level, which was last seen on 17 May, may come to the agenda.
