ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 is at 3-Weeks High
In Germany, which is the driving economy of Europe, the fact that consumer inflation tested the 70-year peak once again with %7.9 on an annual basis in August has put some weight on the DAX40 index. However, it is seen that the reactions in the index continue as a result of the declining natural gas prices in Europe and the new support plan of the energy ministers of the European Union (EU) for the energy crisis. In addition, the fact that the ZEW indicator of economic sentiment in the Eurozone strongly exceeded the expectations of minus 58.3 points in September with 60.7 points, supports the DAX40 index. From this point of view, if the index, which ends the downward trend and moves towards minor recipient movements, permanently exceeds 13 575 levels, the resistance of 13 740 indicated by the Fibonacci %238.2 expansion line can be followed. Below, 13 210 and psychological 13 000 support can be monitored.
