ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:The Positive Outlook Continues on Brent Oil
With the announcement of the lowest coronavirus case in the last 3 months in China, the world's largest oil importer, the loosening of some strict pandemic rules in Beijing and Shanghai became the main determining factor in the upward attacks of Brent Oil prices. On the other hand, the meeting, where the leaders of the European Union (EU) will discuss the sixth package of sanctions against Russia, will be closely followed in terms of oil pricing. Technically speaking, if the commodity, which is priced upwards in the intermediate channel on the first trading day of the week, can leave the 117.60 level with pressure, it may bring the 120.00 resistance to the agenda again. In a possible downward scenario in commodity pricing, 113.00 and 110.70 support may come to the fore.
