ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Index Might Sustain Recovery
The risk appetite in global markets continues to recover after the People's Bank of China (PBoC) announced that it will continue to be expansionary in monetary policy to support the economy. On the other hand, the easing is seen in the dollar still has an effect with the increasing concerns about the recession in the USA. Technically speaking, the technology index, which maintains its upward erosion in the channel on the second trading day of the week, can continue its rise up to 12 400 resistance if it can pass above the 12 250 level permanently. In the downside scenario that can be experienced in the index, 11 950 support can be followed.
