ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 May Continue Pricing on a Downtrend
The effects of the energy crisis and inflationary environment that suppressed the risk appetite in global markets continue to be reflected in the NQ100 index. Here, the US Federal Reserve's (FED) dollar is also under pressure, which is strengthened by the prospects of a 75 basis point rate hike. The US 10-year bond yields have risen to the level of 3.24 percent. In addition, the PMI data to be announced in the USA today will be closely followed in terms of the pricing of the index. From this point of view, the psychological level of 12 000 will be closely followed in the technology index, which continues its downward trend on the second trading day of the week. If it is possible to break below this level permanently, it can be regressed to 11 865 support, which will be the lowest level since July 2022. 12 330 and 12 480 resistances can be followed in possible upward attacks.
