ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ couldn’t recover
US CPI has been registered at the highest level of the last 40 years, lading to downward moves in US long-term treasuries. As a result, we have observed recovery in risk appetite and rises in NASDAQ. However, the markets expect Fed to tighten more aggressively considering the recent CPI data. Technically, 13 950 level will be on our radar. In further decreases, Fibonacci 61.8 percent fan line indicating 13 830 wiill be followed. On the other hand, 14 180 and 14 300 resistance levels will be targeted.
