ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Continues to Rebound Despite Poor PMI Data
With the opening of the European session, the decline of the PMI data published for Germany caused the index to lose some momentum. However, no significant decline was observed in the index, which almost completely priced the recession risks. On the other hand, the support provided by the improvement in the global investor risk atmosphere continues. Technically speaking, the DAX40 index appears to be defending the recovery channel. As long as 12 650 remains as support below, the index has the potential to recover its losses till 13 040 after 12 895 resistance. 12 515 and 12 380 supports can be followed in possible declines below 12 650.
