China Exports Exceeded Expectations
XAUUSD - Gold Technical Analysis
The risk of recession is back on the agenda in Ons Gold, which showed a negative pricing movement on a weekly basis with the intense data flow last week. After the Non-Farm Payrolls data announced below expectations on Friday, pricing in the precious metal, which followed a sellers course, is based on soft landing scenarios. The CPI data to be announced in the USA this week can be followed as a prominent development for precious metal. Technically speaking, $ 2500 continues to be an important threshold for Ounce Gold. The precious metal, which showed signs of a slight recovery on the first trading day of the new error, is following a slightly sellers course in the morning hours today. In precious metal, 2510 resistance level 2485 can be monitored as a support level.
Resistances: 2510 / 2525 / 2550
Supports: 2485 / 2470 / 2450
XAGUSD Technical Analysis
For Ons Silver, which lost value last week similar to Ons Gold, the CPI data to be announced on Wednesday can be followed as a prominent development in the interest rate cut. After yesterday's appreciation in the precious metal, a slightly sellers outlook is observed in the morning hours today. If downward movements continue, 28.15 and 28.00 can be monitored as support levels. In upward movements, 28.45 and 28.60 can be followed as resistance levels.
Resistances: 28.45 / 28.60 / 28.75
Supports: 28.15 / 28.00 / 27.90
EUR/USD Technical Analysis
With the withdrawal of the dollar index in the morning hours, the EUR / USD parity, which entered a downward trend in the short term after 26 August in technical terms, has a positive course in the morning hours today after yesterday's negative closing. If recovery trends continue, 1.1055 and 1.077, where the 20-day exponential moving average is located, can be followed as important resistance levels. In case of reaction sales, 1.1025 and 1.1010 can be followed as important support levels.
Resistances: 1.1055 / 1.1077 / 1.1085
Supports: 1.1025 / 1.1010 / 1.0980
NAS100 Technical Analysis
In the morning hours, a short-term negative course is observed in the 2024 September futures index contract. CPI data expected to be announced in the US on Wednesday are among the important news flows expected to affect stock and bond markets. In technical terms, 18510 and 18400 can be monitored as important support levels in case of increased sales in the short term. In upward movements, 18740 and 18830 can be followed as important resistance levels.
Resistances: 18740 / 18830 / 18960
Supports: 18510 / 18400 / 18330
UKOIL Technical Analysis
Although UKOIL experienced a partial upside catalyst due to potential supply disruptions caused by Tropical Storm Francine in the Gulf of Mexico, it is seen to be generally suppressed due to weak demand and oversupply concerns in major economies. In addition, OPEC+'s postponement of the resumption of production cuts continues to negatively affect prices. Technically, UKOIL continues to hover close to March 2023 prices. If downward movements continue, 71.30 and 71.00 can be monitored as support levels. In upward movements, 72.20 and 72.70 can be followed as important resistance levels.
Resistances: 72.20 / 72.70 / 73.00
Supports: 71.30 / 71.00 / 70.60
