ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Collects Losses on Last Trading Day of the Week
The European Union (EU) is struggling to reach an agreement on oil sanctions against Russia. On the other hand, we observe that the DAX40 index is on a recovery path, with the expectation that the European Central Bank (ECB) will raise interest rates for the first time in more than 10 years at its next meeting in July and the decrease in the global stress atmosphere fully priced in. Technically, the German index, continuing the last European session of the week with a buyer, can rise to 14 600, which would be the highest level since April 5, if it can make the transition to the resistance 14 440. In the likely seller scenario, the supports 14 145 - 14 000 are closely followed.
