ANALYSIS
NQ100 Finds Support from PPIApr 14
UK100 May Maintain Vitality Above 50 EMA
Evaluations that the Bank of England (BoE) may perform another jumbo interest rate hike of 75 basis points at the monetary policy meeting of the bank to be held tomorrow, put some weight on the index. However, it is seen that the relatively positive course in the investor risk appetite and the energy reform expected from the British government allow the UK100 index to be resistant. When analyzed technically, it is clear that the upward trend continues. At this point, the 7 475 level indicated by the 50-period exponential moving average will be followed closely. In the permanence it provides over here, after 7 600, the resistance of 7 655, which will be the highest level seen since June, may enter the radar of market players.
