ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Index Points to Dissolutions
The day we left behind, Chinese authorities announced a package of policy measures to better coordinate economic development with the control of the coronavirus epidemic. After these statements, indices in global markets recovered somewhat. Despite this, the high level of US 10-year bond yields around 3.0 percent keeps the dollar's outlook strong and puts the index under pressure. In addition, the World Bank's reduction of its global economic growth forecast from 4.1 percent to 2.9 percent this year due to the effects of the coronavirus and the Russia-Ukraine war also has an impact. Technically speaking, the technology index, which points to a correction path with the preparation of a rising wedge formation on the first trading day of the week, can withdraw to 12 340 support if it breaks the 12 470 support permanently. In possible upside reactions, the 12 800 resistance level is in a critical position.
