ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:Index Maintains Recovery Path
The index lost some momentum, as PMI data in Germany pointed to a contraction in the sector. However, leaving behind the pricing of the energy crisis, the DAX40 index seems to find demand in global markets with the relatively positive course of investor risk appetite. Technically, the DAX40 index, which will maintain its buying course as long as the 13 300 level indicated by the 50-period simple moving average is defended as a support, can rise to the 13 820 resistance indicated by the 78.6 percent expansion line of Fibonacci, if the DAX40 index can leave the 13 650 level behind. On the other hand, in the transition below the possible 50 MA, it may regress to 13 140, then psychological 13 000 support.
