ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Faced Profit Realizations at the Peak of 40 Days
After the "in principle" agreement of the EU member countries to ban oil imports from Russia and the relatively weak PMI data from China, it can be observed that the stress level in the European session has increased slightly. However, the DAX40 index, which faces profit-taking at 40-day highs, is likely to correct to 14 225, which is marked by the Fibonacci rejection line of 50.0 percent behind 14 370. Above that, we will watch the 14 665 level as a strong resistance.
