ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:14 000 Will Determine the Future of Sales Movements
The messages from the members of the European Central Bank (ECB) to move away from negative interest rates and return to monetary policy normalization quickly hindered the recovery of the DAX40 index. As a matter of fact, the selling pressure created by the 10-year German bonds, which exceed the psychological level of 1.00 percent in the debt instruments market, is very important. Technically speaking, the downward trend in index pricing seems to be preserved. As long as 14 320 level is defended above as a resistance, in pricing, where the potential will continue to shelter on the downside, if the critical 14 000 support can be broken, sales may accelerate to 13 830 level, allowing the minor rising wedge to end, and then bringing the 13 675 level to the agenda.
