ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 is at the highest level of all times
President Biden’s improvement steps within the scope of ‘Build back better’ program continue to support NQ100 index. In addition, the decline in oil prices contribute to the index, considering that pressure on company profits will be relieved. Index preserves its desire to increase. If it stays above 16 435 level indicated by Fibonacci 61.8 percent expansion line, 16 650 and 16 760 levels will be our targets. On the other side, we will follow 16 320 support in case of a decline below 16 435.
