ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:The Recovery May Not Be Permanent in Brent Oil
The record-breaking coronavirus cases in Japan and the resumption of oil exports in Libya after a 3-month hiatus continue to be the main drag on the downside in the energy market. Although there has been some reaction to brent oil due to the investor risk appetite, which is in a relative recovery tendency in the markets, the 102.00 resistance is extremely critical in terms of the permanence of the recovery. As long as this level is not exceeded with permanent closes, the outlook will remain bearish in brent, the end of 97.75 support may open the way for losses up to 95.60.
