ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40: Index Heads Towards Erasing 2-Week Losses
On the second trading day of the week, there is a strong recovery in risk appetite in international markets. VSTOXX, the indicator of European markets, fell below the threshold of 30 points again. On the other hand, there is a significant decline in global bond yields. While the German 10-years fell to 1.89 by pulling back about 35 basis points after 2.25% on September 27, we see that the reactions are activated in the DAX40. Technically, when the index, which turns to the retracement path by breaking the descending wedge, passes above 12 600, 12 895 can be followed, marked by the Fibonacci 61.8% retracement line, following 12 745. In possible retreats, 12 335 and 12 200 supports can be followed.
Support: 12 335 – 12 200 – 12 060
Resistance: 12 600 – 12 745 – 12 895
