ALB Limited 15.10.2024

Sellers in Global Markets!

XAUUSD - Gold Technical Analysis

After the US inflation data announced last week, Ons Gold, which gained value on a weekly basis after the US inflation data announced last week, is expected to cut interest rates by 50 basis points until the end of the year. The continuation of geopolitical developments can be considered as a factor that increases demand on the precious metal side. Although there is no major data in the US this week, profit realisations may occur in the precious metal, which is priced at levels close to its historical peak. In the precious metal, which followed a sellers' course on the first trading day of the week, sales continue in the morning hours today. If downward movements continue, 2630 and 2600 can be monitored as support levels. In possible recovery situations, 2645 and 2675 can be followed as resistance levels.

Resistances : 2645 / 2675 / 2700
Supports : 2630 / 2600 / 2585
 

XAGUSD Technical Analysis


Similar to Ons Gold, Ons Silver, which started to be priced in the positive pricing zone after the US inflation data, completed last week with negative returns. In the light of geopolitical developments, the selling pressure continues in the morning hours today on the precious metal side, which followed a sellers' course on the first trading day of the new week. In Ons Silver, $ 30.65 and $ 30.30 can be monitored as short-term support levels. In case of recovery trends in the precious metal, 30.15 and 31.50 can be followed as resistance levels.

Resistances : 31.15 / 31.50 / 31.75
Supports : 30.65 / 30.30 / 30.15

 

EUR/USD Technical Analysis


On the second trading day of the new week, a negative course is observed in the EUR/USD parity. In the ECB interest rate decision to be announced on Thursday, expectations are shaping towards a 25 basis points rate cut. In the US, the announcement of macro data above expectations caused the dollar to gain strength. If the downward movements in the pair continue, 1.0870 and 1.0860 can be monitored as support levels. In possible recovery trends, 1.0906 and 1.0930 can be targeted as resistance levels.

Resistances : 1.0906 / 1.0930 / 1.0950
Supports : 1.0870 / 1.0860 / 1.0850
 

NAS100 Technical Analysis


The 2024 December futures index contract has a positive trend in the new week. In the index contract, which showed some retracement today after yesterday's rise, volatility is expected to increase with the balance sheets. If the upward movements in the contract continue, it is thought that the old historical peaks will be forced. In the short term, 20790 and 20900 can be monitored as resistance levels. In retreats, 20460 and 20350 can be monitored as support levels.

Resistances : 20790 / 20900 / 20980
Supports : 20460 / 20350 / 20230

 

UKOIL Technical Analysis


UKOIL, which has been rising for a while with the impact of developments in the Middle East, continues to decline as geopolitical developments in the region have left supply concerns behind. After the sharp retreat yesterday, UKOIL, which was subjected to selling pressure in the morning hours today, can be monitored as 73.70 and 73.10 support levels if downward movements continue. In case of possible recovery, 75.40 and 75.90 can be followed as resistance levels.

Resistances : 75.40 / 75.90 / 76.45
Supports : 73.70 / 73.10 / 72.75

Tags: Technical Analysis, Analysis, Forex

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.95% of retail investor accounts lose money when trading CFDs with ALB Limited. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The value of your investment may go down as well as up.

NEGATIVE BALANCE PROTECTION: Please see your rights here as a retail client.