ANALYSIS
NQ100 Finds Support from PPIApr 14
Uptrend Potential Remains in DAX40
The fact that the PMI data for November reported by IHS Markit and S&P Global yesterday exceeded the expectations kept the DAX40 index alive. In addition, the statements of the leading Board Members of the European Central Bank (ECB), giving messages that a softer interest rate increase could be evaluated in the December meeting, also increase the demand for the index. Finally, the recovery in risk appetite also supports the index. From this point of view, in the index, where the pricing behavior is preserved in the rising channel, if the 14 700 level is exceeded with permanent closes, the 14 845 resistance, which will be the highest level since March, can be brought to the agenda. 14 380 and 14 250 supports can be followed in possible retreats.
