ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Heads Towards Retracement Movement
The support of the natural gas prices, which fell below 120 euros in the European stock markets, to the German index remained limited. On the other hand, the dollar, strengthened by the hawkish statements of influential figures from the US Federal Reserve (FED), began to put pressure on assets with high-risk sensitivity, especially stocks. From this point of view, the level of 12 355, which is indicated by the Fibonacci 61.8% retracement line, may come to the fore when the DAX40 index, which is heading for the retracement path, falls below 12 470. In possible upward movements, 12 680 and 12 800 resistances can be followed.
