ANALYSIS
NQ100 Finds Support from PPIApr 14
Sales in DAX40 May Reach 2-Year Low
With messages from influential names of the European Central Bank (ECB) pointing out that interest rate increases will last until the first quarter of 2023, the German 10-years start the new week at a 3-month high of 1.78 percent, as we observe that the DAX40 index remains under pressure. Technically, the index seems to have broken the rising wedge and opened the way for downward expansion. If the level of 12 565, which was last seen on July 15, can end with loosening, the level of 12 280, which will be the lowest in 2 years, may come to the agenda, behind 12 430, with the sales to be consolidated. In possible recovery attempts, the 12 850 – 13 000 range will serve as a strong resistance zone.
