ANALYSIS
NQ100 Finds Support from PPIApr 14
German index likely to lose further
Following the delay in the negotiations between Russian and Ukrainian delegates, investors’ stress level has increased again, leading to sales in the index. In addition, ECB President Lagarde’s statement they will use all tools needed against the inflationary pressures has led to further losses in the index. If 13 600 support is broken with permanent closes, we will follow Fibonacci retracement of 61.8 percent indicating 13 450 support. On the other side, 13 880 and 14 000 levels will be on our radar again in possible upward moves.
