ANALYSIS
NQ100 Finds Support from PPIApr 14
US markets are open, DOW30 is up by ~1 percent
Rally in global bond yields affected the index slightly. In addition, Chinese growth data released today exceeded forecasts and led to positive movements in US stocks. Consequently, we also observed purchases in DOW30. If 34 890 resistance is broken upwards, descending wedge pattern will be broken upwards and 35 200, the highest level of the last 3 weeks, will be on our radar. On the other side, 34 310 – 34 000 range will be on our radar in case of possible decreases.
