ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:China’s Influence in The Index
On the first trading day of the week, we observed a decline in global markets with weak macroeconomic data from China, the world's second largest economy. However, with the easing of the coronavirus cases in China, the statements that the epidemic precautions in the country will be relaxed on June 1 have supported the risk appetite in the markets. In addition, the easing in the dollar is also supported here. From a technical point of view, if the NQ100 index, which is heading for recovery on the second day of the week, can leave the critical 12 500 level behind it permanently, it can retrace its losses until the 12 640 resistance. 12 200 support will be closely followed in the permanent transition below the possible minor trend in the index.
