ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 May Turn to Recovery Path
Natural gas prices in Europe rose to 270 euros after the Russian energy company Gazprom announced that natural gas shipments through the Nord Stream pipeline were suspended for an indefinite period. Therefore, although the weight in the index continues, we see that the demand for the index remains alive with the effects of the recovery in investor risk appetite. Technically, a descending minor wedge formation is seen. If the above 13 070 level is surpassed permanently, the continuation pattern may come to an end and the recovery may continue until 13 340 resistance marked by the Fibonacci 50.0 percent retracement line. In the possible downward movements, 12 700 and 12 560 supports will be followed.
