ALB Limited 13.12.2023

Attention to the 200-Day Average in Copper

NAS100 Technical Analysis

In the event that upward movements continue in the Nas100 futures index contract, which continues a slightly buying course today after yesterday's rise, $ 16480 and $ 16570 can be followed as resistance levels. In case of possible retreats, 16325 and 16235 dollars can be followed as support levels. The meeting of the US Federal Reserve ends today. The decision text to be announced after the meeting, economic projections and President Powell's statements at the press conference will be closely monitored.
 
Resistances: 16480 / 16570 / 16640
Supports: 16325/ 16235 / 16130
 

GS Technical Analysis

Technically, the $ 351.13 level, corresponding to Fibo 61.8%, can be followed as a critical threshold. In case of persistence above this level, $ 353.70 and $ 354.90 can be followed as resistance levels in the short term. In case of possible withdrawals or realisations, $ 351.10 and $ 350.00 can be followed as support levels in the short term.
 
Resistances:
353,70 / 354,90 / 356,00
Supports: 351,10 / 350,00 / 349,00
 

STARBUCKS Technical Analysis

We think that 99.60-100.80 resistances can be targeted respectively if the stock, which is trying to recover with the support of the rising trend, can be maintained above the 98.00 level, where the 10-day exponential average also passes. In case of sagging below the 98.00 level, 96.10, where the trend support also passes, will be followed as a critical support where purchases may increase.
 
Resistances: 99.60 / 100.80 / 101.80
Supports: 97.30 / 96.10 / 95.40
 

WHEAT Technical Analysis

Technically speaking, if the downward pricing continues in Wheat, which is selling today after yesterday's rise, $ 614.50 and $ 609.00 can be followed as support levels. In case of possible upward movements, $ 628.50 and $ 632.00 can be followed as resistance levels.
 
Resistances: 628,50 / 632,00 / 636,00
Supports: 614,50 / 609,00 / 604,00
 

COPPER Technical Analysis

Technically, the level of 378.30, which corresponds to the 200-day exponential moving average, can be followed as a critical threshold. In case of persistence below this level, 375.00 and 373.95 can be followed as support levels in the short term. In possible transitions above this level, 379.65 and 380.90 can be followed as resistance levels.
 
Resistances: 379,65 / 380,90 / 381,85
Supports: 375,00 / 373,95 / 372,42

Tags: Technical Analysis, Analysis, Forex

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