ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40 Strives for Progress on The Recovery Path
With the hawkish statements of the European Central Bank (ECB) Officials, strong pressure was observed in the DAX40 index for a while. However, with the efforts of Europe to alleviate the effects of the energy crisis in recent days, natural gas prices in the Netherlands decreased to 145 euros. Thus, the hopes that the cost pressure on German companies will ease has started to support the DAX40 index. In addition, there is profit-seeking created by the fact that consumer inflation in Germany, the leading economy of the region, reached double-digit figures for the first time since 1951. Under this outlook, the index, which is trying to complete its retracement and progress on the recovery path, can focus on 12 800 if it can complete its transition to 12 650 resistance. In possible pullbacks, 12 900 and 12 785 supports can be followed.
