ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30 May Continue Its Movements in the Ascending Channel
Although some weight is observed in the DOW30 index, with the emphasis that interest rate hikes will continue until inflation drops significantly in the minutes of the FED's meeting for July, it is seen that the recovered risk appetite in global markets and the optimistic outlook of the US balance sheet season continue to support the index. Technically, as long as the 33 570 level, which is technically indicated by the 50-period exponential moving average, is defended as a support, the DOW30 index, which is likely to continue its rising channel movement, can rise to 34 470 support if it can be passed above 34 240 with permanent closes. Below the possible 33 775 level, 33 320 support may come to the fore in the transition behind 33 570, which is indicated by the 50 EMA, which is an intermediate support.
