ANALYSIS
NQ100 Finds Support from PPIApr 14
Uptrend Potential in DAX40 May Continue
Yesterday, European Central Bank (ECB) President Christine Lagarde's stating that inflation rates are very high and pointing to the continuation of the interest cycle pushed the DAX40 index back a bit. However, it is seen that the German economy's growth of 0.3% in the third quarter, against the expectation of minus 0.2%, continues to support the DAX40 index. In addition, the relatively optimistic course in the investor risk atmosphere also supports the index. Technically speaking, DAX40, which continues its upside eagerness in the channel formation, can put the 13 720 resistance on our radar, which will be the high of about 2.5 months, if it breaks above the 13 550 level permanently. In possible retreats, 13 200 and then 13 045 levels can be observed.
