ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ is open to further losses
Russian President Vladimir Putin ordered his defense ministry to dispatch Russian peacekeepers to eastern Ukraine's two breakaway regions, according to a decree published early on Tuesday, after he said Moscow would recognize their independence. Putin earlier signed decrees recognizing the self-proclaimed republics of Donetsk and Luhansk as independent nations, defying Western warnings that such a step would be illegal and kill off long-running peace negotiations. The news led to increase in investors’ stress levels and put sales pressure on NASDAQ-100. Technically, we will follow 13 375 and 13 25 supports, if the index breks 13 520 level downwards. Against possible upward moves, 13 800 and 13 945 resistance levels will be on our radar.
