ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30 May Price Up With the Opening of the US Session
Although the DOW30 index remains under pressure as leading officials of the US Federal Reserve (FED) continue to advocate hawkish stances toward curbing high inflation, which has recently retreated from a 41-year high, low levels of investor stress (VIX: 23.49) seem to support the index. Here, consumer inflation data will be closely monitored, which will be announced tomorrow. There is also the support of the loosening of the dollar index. When technically examined, DOW30, which carries its upward trials in descending wedge movement to the first trading day of the week, can raise the 32 650 resistance indicated by the Fibonacci %50.0 correction line if it can complete its transition above the 32 435 level. In possible downward movements, the psychological support of 32 000 will be closely monitored.
