ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 stays above 15 500 support
German government bonds hit the highest level of the last 33 months, causing bearish movements in DAX40. However, strong expansion in PMI data in Eurozone, despite Omicron variant effectiveness, and recovery in investors’ risk appetite cause the bullish Outlook continue in the index. Technically, as long as it stays above 15 500 support, bullish potential will remain and we will follow 15 785 and 15 910 resistance levels as targets. In case of a decline below 15 500 support, 15 365 – 15 220 zone will be critical.
