ANALYSIS
NQ100 Finds Support from PPIApr 14
DAX40:The Upward Movements May Continue in Index
The contraction in the manufacturing purchasing managers index for the Eurozone in July had a slightly negative impact on the DAX40. However, despite the recession risks in Europe, some Board Members of the European Central Bank (ECB) refrained from giving strong messages and due to the effects of relatively low investor stress in international markets (VSTOXX: 22.74), we see that the demand for the index is preserved. In the index, which technically maintains its buyer potential, if it can be surpassed permanently above the 13 680 level, the demand can continue until the 13 830 resistance, marked by the Fibonacci 78.6 percent expansion line. 13 360 and 13 180 supports may come to the fore in possible downward movements.
