ANALYSIS
NQ100 Finds Support from PPIApr 14
13 400 Will Be Determinant in DAX40
The fact that Europe is currently coping with the problems in energy supply caused the January delivery natural gas prices to drop by 115 euros in Dutch TTF, while optimistic expectations for the financials of German companies support DAX40. In addition, the improvement in global investor risk sentiment also contributed. Technically speaking, it is seen that the index maintains its recovery behavior with the rising channel movement. As long as it holds above 13 400, the index is highly likely to take back its losses until 13 820, last seen on 17 August, behind 13 680. In declines below 13 400, the 13 265 – 13 125 range can work as a power collection zone.
