ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Continues to Defend Recovery Channel
Natural gas prices, which are on a downward trend in European markets, are keeping demand for the DAX40 resilient by creating hopes that it will continue to ease the cost pressures of German companies. On the other hand, in international markets, the expectations that the FED will be less aggressive in policy tightening support the index through investor risk appetite. Under this outlook, the transition of the DAX40 index, which defends the recovery channel, to 14 440 resistance is critical. Permanently exceeding 14 440, which is in a strong resistance position, may accelerate buying until it reaches the 14 720 resistance after 14 575. In declines, 14 150 – 14 000 lines will be followed.
