ANALYSIS
NQ100 Finds Support from PPIApr 14
DOW30:Pressure on the Index May Increase
With the moderate easing of the US dollar, we observed some recovery in the DOW30 index. However, the pressure on the index continues with the signs of 50 basis point increase in interest rates in the June and July meetings against high inflation from the Federal Open Market Committee (FOMC) Governing Council Members. In addition, the statements of the US Federal Reserve Chairman Jerome Powell tonight will be followed closely. Technically speaking, the DOW30 index, which continues to be priced on a downtrend, can decline to 31 230 support if it can leave 31 450 behind. In a possible upside scenario, 31 800 and psychological 32 000 resistances can be followed.
