ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Performed its Minor Channel Change
The messages of the members of the Board of Directors of the European Central Bank (ECB) regarding the interest rate hike path despite the high inflationary pressures in recent days and the recession possibilities that remained alive in the region were putting a strong weight on the DAX40 index. However, on the first trading day of the week, we see the optimism, that the cost pressure on German companies may decrease as the natural gas prices in the Netherlands decreased to 135 euros, has increased the demand in the index. Technically, in the DAX40 index, which is seen to have completed a minor channel change by completing the retracement movement, if it is permanently passed above the 12 650 level, the gains can last up to the 12 775 resistance, which will be the high of about 1 month. Below, 12 400 – 12 260 supports can be monitored.
