ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Returns the Gains on Correction Path
After the Russian energy company Gazprom announced that the Nord Stream 1 pipeline would be closed again due to maintenance works, the natural gas price for September delivery reached 281.75 euro/MWh in the European markets, while the concerns of German companies that it would face a new cost wave put the DAX40 under pressure. From this point of view, if the pricing heading towards the correction path is stretched below 13 165, the 13 020 point level marked by the Fibonacci 61.8 percent rejection line can be followed. In possible upward attempts, the 13 460 – 13 600 range can be viewed as a strong resistance zone.
