ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:50 WMA Will Be Decisive In The Index
The day we left behind, a slight recovery was observed in assets with high-risk sensitivity, with the US Federal Reserve (Fed) Chairman Jerome Powell skipping a possible 75-point rate hike again in his speech. However, with the announcement of the producer inflation (PPI) data in the USA, the expectations that the FED will maintain its tight stance and the strong appearance of the dollar cause the pressure on the index to continue. Technically speaking, 11 840 support level can be followed in the transition below the psychological 12 000 in the technology index, where the recovery path will not be possible unless the 12 350 indicated by the 50-period weighted moving average is broken. In a possible transition over 50 WMA, gains up to 12 500 resistance can be observed.
