ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Maintains Upward Tendency
Increasing recession concerns in Europe are putting pressure on the DAX40 index. However, we see that the demand for the DAX40 index remains alive due to the relatively moderate levels of German 10-year bond yields and the low levels of investor stress in Europe (VSTOXX: 22.70). Technically, the index, gives the signals of buyer movements in the rising minor channel formation, can carry its rise to 13 900 resistance, which is the highest level since May 25, if it exceeds the 13 760 resistance. In possible downward movements, 13 440 and 13 280 supports will be followed.
