ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100: Chinese Influence in the Index
With the announcement of the lowest number of coronavirus cases in the last 3 months in China, the announcement that some pandemic rules have been stretched in the cities of Beijing and Shanghai has supported risk appetite in global markets, while also reflecting quite positively on the NQ100 index. From a technical point of view, if the technology index, which shows a receptive outlook in the first quotations of the week, can permanently leave behind the psychological 13 000 level, it can rise to the 13 145 resistance. In the possible downward scenario, the 12 700 and 12 560 supports will be at the forefront.
