ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Continues to Defend Descending Channel Movement
With natural gas prices falling below 160 euros in Europe, the thought that the cost pressure on German companies would decrease gave short-term support to the DAX40 index. However, in recent days, the messages of the European Central Bank (ECB) Board of Directors members pointing to further interest rate hikes have weighed on the index. In addition, the decline in global investor risk appetite also has an impact. Technically speaking, in the DAX40 index, which is seen to be defending the descending channel movement, 11 865 support can be on our radar in the transitions below the psychological 12 000 level with permanent closes. Above, 12 250 and then 12 385 resistances will be in our follow-up.
