ANALYSIS
NQ100 Finds Support from PPIApr 14
US CPI data still has an impact on NQ100
US consumer prices, which was released yesterday, indicated that CPI reached 9.1 percent, the highest level of the last 41 years, on annual basis. As a result, expectations that the Federal Reserve will continue monetary tightening put pressure on the index. Technically, we observe an indication of bearish movements within the descending minor channel and if 11 550 support is broken strongly, we will follow 11 415 support closely. On the other hand, 11 800 and 12 000 resistance levels will be on our radar in case of an upward movement.
