ANALYSIS
NQ100 Finds Support from PPIApr 14
100 WMA will set the tone in NASDAQ
Ukraine President Zelenskiy’s recent statement that they will not insist on NATO membership has led to expectations that the tensions will ease, supporting the financial markets. However, US President Biden’s remarks that they banned all energies imports from Russia has increased oil prices again and expectations that this news will put cost pressure on US companies raised. Technically, as long as the 100-period weighed moving average indicating 13 520 is not exceeded, we will follow 13 200 and 13 065 supports. In case, 100 WMA is exceeded, on the other hand, 13 680 will be our resistance.
