ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery Remains Limited on NQ100
In his presentation to the Financial Services Committee of the US House of Representatives, Jerome Powell, Chairman of the US Federal Reserve, stated that they did not decide on a 50 basis point rate hike. After this statement, limited recovery was shown in the index, while the permanence above the 12 130 region technically supported this. In the index, where 12 130 support will continue to be an important support during the day, persistence on this region may cause 12 270 and 12 390 resistances to come to the fore. However, if the support of 12 130 cannot end the downward pressures, it may be desirable to target 12 040 and then 11 930 support points.
