ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 is under pressure
Covid-19 cases in Germany are still above 150k, leading to the expectations that restrictive measure will be implemented by the government. Also, German GDP declined by 0.7 percent in Q4 2021, according to Destatis data released today and we observe increase in sales momentum in DAX40. Technically, the retracement movement was completed and now we will follow 15 130 and 15 000 support levels closely. On the other hand, 15 365 and 15 500 are still significant resistance levels above.
