ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Index Rebounds in Downward Channel
In the general framework, the German index, which is in the downward channel, is recovering during the day with positive statements regarding UBS's purchase of Credit Suisse. Testing the Fibonacci 61.8% retracement level, if 14 885 resistance can be overcome in the index, it can continue its gains up to 15 000 resistance. On the other hand, 14 780 appears as the first critical support in the pressures to be experienced in the closings under the resistance of 14 885, while the declines that may be experienced towards the bottom may push the index towards the 14 300 level again.
