ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Can Use Relaxations to Gain Strength
In the global markets, the limited increase in investor stress due to the tension in the USA - China line caused the DAX40 to lose some momentum. On the other hand, there is the reaction triggered by the fact that the natural gas contracts, which made their second rally in the European markets, were priced in full due to the concerns that the German companies would damage their balance sheets. In addition, it is necessary to add the support of the weak euro to the index. Under this view, the probable index to gather strength from the 13 300 – 13 220 range marked by the Fibonacci retracement range; 13 535 level may come to the fore again with the consolidation that will occur in the transition to the 13 450 resistance, which stands out above.
