The Nasdaq 100 #NDX, this morning of the American session, advanced a solid 0.86% or 118.40 units, to 13,925, after the US inflation figures for March were known that were above expectations.
The consumer price index rose to 2.6% (annually), the highest level since 2018. The figure beat expectations and triggered a drop in Treasury bond yields, giving the equity market a strong boost.
The Nasdaq 100, on 1 hour charts, faces Murray’s +1/8 line around 13906, our recommendation is to sell below this level.
A bounce in the uptrend channel will be a good buying opportunity.
The eagle indicator is approaching the downtrend line, formed by a divergence, which we expect to see a technical correction for the next few days.
Support And Resistance Levels For April 06 – 07, 2021
Resistance (1) 13967
Resistance (2) 14000
Resistance (3) 14195
Support (1) 13869
Support (2) 13806
Support (3) 13707
The material has been provided by InstaForex Company – www.instaforex.com
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