ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40: Pressure on Index May Continue
The messages from the European Central Bank (ECB) Members regarding tightening step by step are keeping the DAX40 index under pressure. On the other hand, in addition to the fact that tensions did not decrease in the Russia-Ukraine war, expectations that cost pressures will increase on German companies, which are already highly dependent on Russian energy, are still expected after the White House announced yesterday that they will gradually end or completely cut oil imports from Russia within the scope of the new sanctions package against Russia. It's not off the table. In addition, the announcement of investor confidence in the Euro Zone at the lowest level in 23 months, above market expectations, paves the way for a decline in the index. Technically speaking, if the index, which continues its downward trend on the first trading day of the week, leaves the 13 400 level behind permanently, the regression may continue until 13 265 support. In possible upward attacks, 13 680 and 13 825 resistance levels can be followed.
