Recovery Trends in Oil Continue

XAUUSD - Gold Technical Analysis

Ounce Gold continues to renew its historical peaks. The precious metal, which renewed its historical peak in parallel with the ECB interest rate cut announced last week, closed at $ 2721 on Friday. The view that the major Central Banks will not compromise in the interest rate cut processes is welcomed positively by Ons Gold. On the other hand, geopolitical uncertainties also bring the safe-haven feature to the fore. The precious metal maintains its strong position despite the economic data from the US causing stronger US dollar and stronger bond yields. 2740 and 2750 can be followed as resistance levels in the precious metal, which suffered some selling pressure after yesterday's rise and continued its rise in the morning hours today. In possible retreats, 2715 and 2700 can be targeted as support levels.

Resistances : 2740 / 2750 / 2770
Supports : 2715 / 2700 / 2685
 

XAGUSD Technical Analysis

Ons Silver continues its strong stance. The precious metal, which broke the $ 32.30 level, which was seen as an important threshold with a sharp rise last Friday and managed to close above this level, continues its upward momentum in the morning hours today after the selling pressure it saw after yesterday's rise. If the pricing movements continue in the precious metal, which is experiencing an upward movement in parallel with Ounce of Gold, 34.25 and 34.40 can be followed as resistance levels. In retreats, 33.50 and 33.00 can be followed as support levels.

Resistances : 34.25 / 34.40 / 34.90
Supports : 33.50 / 33.00 / 32.70
  

EUR/USD Technical Analysis

The US dollar continues to maintain its strong outlook in general. While the strength of the macroeconomic data from the USA creates a question mark in order to clarify the interest rate cut cycle on the FED side, the ECB's interest rate cut map draws a clearer picture. After the retreat in the pair on the first trading day of the new week, slight recoveries are seen by the Euro in the morning hours today. If the upward movements continue in the pair, which shows positive pricing movements, 1.0830 and 1.0870 can be monitored as resistance levels. In possible withdrawals, 1.0795 and 1.0775 can be followed as support levels.

Resistances : 1.0830 / 1.0870 / 1.0890
Supports : 1.0795 / 1.0775 / 1.0730
 

NAS100 Technical Analysis

In the 2024 December futures index contract, the positive trend last week has been replaced by selling pressure in the new week. The index contract, which was exposed to selling pressure after rising to 20678 last week and closed the week at $ 20482, closed the day in the positive pricing zone, although it was selling in the morning hours yesterday. If downward movements continue in Nas100, which experienced a sharp retreat in the morning hours today, 20350 and 20230 can be targeted as support levels. In possible recovery movements, 20540 and 20790 can be monitored as resistance levels.

Resistances : 20540 / 20790 / 20900
Supports : 20340 / 20230 / 20000
 

UKOIL Technical Analysis

UKOIL, which spent the first trading day of the new week with buyers after the sharp retreat last week, has a horizontal course in the morning hours today. If upward movements in oil continue, 74.55 and 75.00 can be followed as resistance levels. In case possible selling pressures come to the agenda, 73.60 and 73.10 can be followed as support levels.

Resistances : 74.55 / 75.00 / 75.40
Supports : 73.60 / 73.10 / 72.80