ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Prepares for Correction
The index faced profit realizations from the 5.5-month high it saw last Friday. In this regard, the impact of the coronavirus protests in China negatively affecting the global investor sentiment is quite large. In addition, the natural gas contracts that started to recover in the Dutch TTF also have an impact. Under this outlook, the index, which is preparing for a corrective action with the preparation of a wedge formation, can give back its gains until 13 990, which is marked by the Fibonacci 38.2 percent retracement line, behind 14 130, if it can fall below the 14 265 support. In upside attempts, the 14 530 – 14 665 line will be a strong resistance zone.
