ANALYSIS
NQ100 Finds Support from PPIApr 14
Wedge Preparation in Brent Oil
Brent oil pricings, which retreated after the US President Joe Biden announced that 15 million barrels of crude oil will be sold from the strategic oil reserve in the past few days, seems to lead to a reaction purchase due to the expectation of a new relaxation in the coronavirus epidemic measures in China, which is the world's largest oil importer. Technically speaking, if brent oil, which is preparing for a descending wedge formation on the last trading day of the week, rises above the 92.00 level permanently, it can continue its recovery until the 93.25 resistance with the completion of the formation. In the case of retreats, 89.40 and then 88.00 supports may be in question.
