ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX is bullish thanks to strong PMI data
Preliminary data released today by London-based global information provider IHS Markit pointed to strong expansion of PMIs, an indicator of the performance of the Eurozone's locomotive sectors, despite the cost pressures brought by the war. Thus, we observed bullish reaction in DAX40. First we will follow 14 500 resistance level. In further rises 14 685 will be our second resistance level. In possible decreases below the 50-EMA, 14 165 and 14 000 will be on our radar.
