ANALYSIS
NQ100 Finds Support from PPIApr 14
Kyiv is under attack, Stock Market Indices under pressure
Recovery, which started after Ukrainian and Russian delegations had met in Belarus, halted after Ukrainian authorities reported that Kyiv and Kharkiv are surrounded by Russian forces. In addition, concerns about Germany’s freezing Nord Stream 2 project, which is likely to lead to cost pressure on German companies, are still there. Technically, the index used the 50-period weighted moving average as strong support and started to decline. If it breaks 14 000, we will follow 13 845. On the other hand, we will follow 14 295, 14 440, indicated by the 50 WMA, and 14 575 levels.
