ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30 Gives Signals Of Rebound on New Trading Day
With the nonfarm payrolls reported by the US Department of Labor for August last Friday, with an increase of 263 thousand people above the market expectations, the possibility that the FED may continue its aggressive tightening in November brought the DOW30 index down to the lowest levels of a week. However, on the first trading day of the week, the index gives signs of recovery with the effects of the trend of improvement in the risk atmosphere in global markets. When examined technically, in the index, where recovery behavior will be maintained for as long as staying above 29 165, if 29 650 levels can be exceeded with permanent closures, an increase of up to 29 875 resistance may be seen. In the possible transition below 29 165, the descending steps may continue to 28 950 then 28 700 support.
