ANALYSIS
NQ100 Finds Support from PPIApr 14
Boom in DOW30 Continues
After the almost complete pricing of the possibility of a 75 basis point interest rate hike at the monetary policy meeting to be held by the US Federal Reserve (FED) at the beginning of November, we see a liveliness in the stock market with moderate declines in the US dollar. When analyzed technically, the psychological 32 000 level will be followed closely in the DOW30 index, which continues its recovery movements in the rising channel. In case of breaking above this point with permanent closes, the gains can continue up to 32 235 resistance, which will be the highest of about 1.5 months. In downward movements, 31 550 followed by 31 280 supports can be observed.
