ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ-100 likely to go downwards
Third round of negotiations between Russia and Ukraine have been completed. Still, there is no deal between the two neighbors, leading to expectations that the war will continue and putting pressure on NASDAQ. In addition, rising oil prices put an additional pressure on US companies’ costs and increasing the weakness of the index. Technically, if the index breaks 13 000 level, we will follow 12 840 support closely. On the other side, 13 265 and 13 400 resistance levels will be on our radar as significant resistance levels.
