ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30 Is Recovering with the Strengthening of Landing Scenarios
As the US Department of Commerce reported; Gross domestic product (GDP) in the country contracted by 0.6 percent in the second reading for the second quarter. The GDP, which was minus 0.9 in the first reading, pointed out that there are soft landing possibilities in the FED's fight against inflation, and supported the US indices with the recovery in investor risk appetite. Technically speaking, if the index, which reacts between the 30-period weighted moving average (WMA) and 50 WMA in its relaxations, can recover to 33 315, then 33 630, the Fibonacci 61.8% expansion line, pointing to 34 000. Below, 32 780 – 32 500 will continue to be a strong support range.
