ANALYSIS
NQ100 Finds Support from PPIApr 14
German index is likely to lose more
In the minutes of the European Central Bank meeting dated February 2-3, hawkish views of the ECB members put pressure on DAX40. In addition, increase in natural gas prices due to the Russian invasion of Ukraine and concerns that high prices will lead to cost pressures on German companies continue to affect the index negatively. Technically, as long as it stays below the upper line of the descending channel indicating 13 700 level, bearish moves will continue and target 13 300 and 13 150 supports. In case of a rise above 13 700, on the other side, we will follow 13 820 resistance.
