ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:Index Heads to Recovery Path
The day we left behind, the President of the European Central Bank (ECB) Christina Lagarde, despite her speech on the interest rate hike path, stated that they would evaluate the balance sheet reduction issue at a later stage, which had a positive impact on the DAX40 index. The VSTOXX index, which is an indicator of investor stress in European markets, dropped below the threshold of 30 points again. From this point of view, the index, which ends the downtrend on the second trading day of the week and turns to the correct path, can recover up to 13 820 resistance, which is indicated by the Fibonacci 50.0 percent correction line, after 13 685 if the 13 540 level is permanently behind it. In case of possible downward movements in the index, 13 200 support levels may enter the radar of market players.
