ANALYSIS
NQ100 Finds Support from PPIApr 14
UK100 Declines After Rising Inflation
Inflation figures from England in the morning increased unexpectedly and climbed to 10.4 percent, causing pressure on the index. In the current bearish enthusiasm, we will be following the 7 476 support, which is indicated by the Fibonacci 23.6% level, and the 7 460 supports, which corresponds to the 50-period simple moving average (SMA). While it is expected that the sales will increase in the permanences that can be achieved under these regions, if the 7 545 resistance is exceeded for possible recovery, the gains may continue until the 7 640 resistance.
