PMI Period in Global Markets

XAUUSD - Gold Technical Analysis

Last week, there was an intense data set for Ons Gold. The intensity will continue this week. Last week, when the ECB interest rate decision and US CPI data were followed as major data, it is seen that geopolitical risks are gradually off the table for the precious metal, which followed a volatile course and showed value gain. On the other hand, the lack of encouraging macroeconomic data from the US creates question marks for the precious metal. In the precious metal, which started the first trading day of the new week with a horizontal course, eyes will be on the FED interest rate decision and Powell's speech this week. Technically, in the continuation of upward movements, 2665 and 2675 can be monitored as resistance levels. In possible withdrawals, 2635 and 2620 can be monitored as support levels.

Resistances : 2665 / 2675 / 2700
Supports : 2635 / 2620 / 2600
 

XAGUSD Technical Analysis

Similar to Ons Gold, Ons Silver, which had a busy data set last week, continues to be busy this week. Ons Silver, which continued its upward movements after the US CPI data came within expectations, completed last week with a loss of value with the sales pressure it saw on Thursday and Friday. In the precious metal, which started the first trading day of the new week with a horizontal course, 30.25 and 30.00 can be followed as support levels if downward movements come to the agenda. In possible recovery movements, 30.70 and 31.00 can be followed as resistance levels.

Resistances : 30.70 / 31.00 31.30
Supports : 30.25 / 30.00 / 29.85
 

EUR/USD Technical Analysis

Expectations are that the FED will end the year with a 25 basis point rate cut. It is seen that the markets have also priced it to a large extent. Last week, ECB rate cut took place and the statements afterwards were interpreted in a relatively dovish tone. This is seen as the critical radar for Wednesday. What will Powell say? PPI coming above expectations may have created a question mark. Last week, the dollar index was seen to push 107 levels again, while the pair tested 1.0450s. If the upward movements continue in the pair, which started the new week in a buying trend, 1.0525 and 1.0540 can be followed as resistance levels. In possible withdrawals, 1.0490 and 1.0475 can be followed as support levels.

Resistances : 1.0525 / 1.0540 / 1.0560
Supports : 1.0490 / 1.0475 / 1.0460
 

NAS100 Technical Analysis

Nas100 futures index contract continues to break records. After the retreat at the beginning of last week, the index contract, which managed to continue its rise with the US CPI data, is following a horizontal course in the new week. If the rise in the index continues, 21850 and 22000 can be followed as resistance levels, while 21650 and 21540 can be followed as support levels in possible withdrawals.

Resistances : 21850 / 22000 / 22100
Supports : 21650 / 21540 / 21370
 

UKOIL Technical Analysis

Last week, Saudi Arabia's more than expected cuts in crude oil prices in Asia and the US CPI data coming within expectations after the fall of the Syrian regime had appreciated the oil side. In the new week, a retreat is seen on the UKOIL side. The expectation of a FED interest rate cut and the realisations of the rise experienced last week cause UKOIL to be priced at 74.00 levels in the morning hours. In case of continued withdrawals in UKOIL, 73.75 and 73.00 can be monitored as support levels. In possible recovery trends, 74.60 and 75.20 can be followed as resistance levels.

Resistances : 74.60 / 75.20 / 75.60
Supports : 73.75 / 73.00 / 72.70