ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 is Recovering on the Last Trading Day of the Week
The day we left behind, the State Council of China instructed banks to open a credit line of 120 billion dollars in order to revive its economy, which was damaged by the result of zero cases. This situation, while the risk appetite in the global markets recovered somewhat, had a positive impact on the pricing of the NQ100 index. On the other hand, eyes will be on the non-farm employment data that will be announced in the USA at 15:30 CET today. Technically, the index, which continues to recover on the last trading day of the week, may bring 13 160 resistance if it leaves the critical 13 000 level permanently. 12 720 and 12 600 supports will be followed closely in the possible downside scenario that may occur in the pricing of the index.
