ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 likely to lose more
Vladimir Putin has ordered his military to put Russia's nuclear deterrence forces on high alert and the West is discussing cutting Russia off from SWIFT, leading to decrease in risk appetite of the market participants. In addition, Germany’s Scholz indicated that they will send 1,000 anti-tank weapons and 500 “Stinger” surface-to-air missiles to Ukraine, giving lift to the natural gas prices and raising concerns that German companies will face with cost pressure has led to downward movements in the index. Technically, the index is declining within the descending minor channel and if it breaks 14 050, we will follow 13 860 support. On the other side, 14 400 will be our resistance level above.
