ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery in NQ100 Continues After CPI Data
While the US CPI data released the other day revealed that the disinflation series continues in the world's largest economy, it confirmed the deceleration process of the Federal Open Market Committee (FOMC) in tightening the monetary policy and brought demand to stocks. From this point of view, the index, which continues to defend the recovery path, can aim to carry its value gains up to 12 850 and then 13 035 points if it can permanently exceed the 12 670 resistance indicated by the Fibonacci 61.8 percent expansion line. In retreats, the 12 345 - 12 180 line will act as a power collection zone.
