ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Maintains Upward Willingness Before U.S. CPI
Global markets are focused on consumer price index (CPI) data from the US. While the dollar moderates slightly with the anticipation of a decline in pre-data headline inflation, the rally in relatively risky assets continues. Technically, if the NQ100 index, which is willing to complete the descending wedge movement and continue its upward trials on the second trading day of the week, can leave the level of 12 900 permanently behind, Fibonacci can rise to the resistance of 13 060 indicated by the %61.8 correction line. In the downward movements that may be experienced, 12 635 and 12 480 support may be in question.
