ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 May Record Regression Before ECB
For the first time since 10 August, gas prices in Europe have fallen below 200 euros. Although there was some reaction to the DAX40 index due to the effects of this, the expectations that the European Central Bank (ECB) might raise interest rates by 75 basis points before the critical monetary policy meeting to be announced today, hindered the recovery of the index. Technically, the DAX40 index, which confirms the downward trend by using the 100-period exponential moving average as strong resistance, can decline to the 12 585 support indicated by the Fibonacci 61.8 percent exp. line at permanent sags below 12 750. In possible upward attempts, 13 045 will determine the reception movements pointed out by 100 EMA.
