ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 is still weak
On the second trading day of the week, no significant news emerged. Yet expectations that supply cut resulted from the restrictions in Shanghai port will harm manufacturing and bottlenecks will contribute to the inflation have a significant impact on the stock markets. Following Elon Musk’s purchase of Twitter and PBoC’s mandatory reserve ratio decision, we observed rises in technology indices in US futures. However, these rises couldn’t last longer. Technically, sales pressure continues below the 50-period exponential moving average. If 13 965 is broken downwards, we will follow 13 820 last seen on March 15. In case, 50 EMA is broken upwards, on the other hand, 14 235 – 14 385 zone will be our taret.
