ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Relaxation in the Index May Accelerate
There is pressure on risky assets in global markets, as the consumer price index, which will be announced tomorrow, point to upside risks in the inflation outlook. Here, the effect of the high outlook of the US 10-year bond yields is discussed. On the other hand, in China, which has implemented a zero Covid-19 policy, it is observed that the news that epidemic precautions can be taken again, is reflected negatively on the NQ100 index. Technically speaking, the technology index, which points to a correction path with the preparation of a rising wedge formation on the fourth trading day of the week, can loosen up to 12 250 if it can leave the 12 445 support behind permanently. 12 770 resistance may come to the fore in upward attempts that may occur in the index.
