ALB Limited 19.03.2024

Bank of Japan Raises Interest Rates for the First Time Since 2007

XAUUSD - Gold Technical Analysis

Ons Gold, which rested below these levels after seeing its historical peak of $ 2195, will be in the FED decision to be announced on Wednesday this week. Technically, the $ 2145 level can be monitored as a critical threshold in the short term. If it goes below this level, sales pressures may accelerate. In downward movements, $ 2150 and $ 2141 can be monitored as support levels. In upward movements, $ 2164 and $ 2172 can be followed as resistance levels.

Resistances: 2164 / 2174 / 2181
Supports: 2150 / 2141 / 2133

XAGUSD Technical Analysis

Although it remains below the 25.02 level as of the previous closing, if a new positive acceleration occurs in silver, which maintains its main trend within the rising channel, there may be movement towards the 25.02 level first, and if it passes above 25.17 and 25.44 levels. Otherwise, there may be a retracement towards 24.92, 24.75 and 24.60 levels in possible returns.

Resistances: 25.02 / 25.17 / 25.44
Supports: 24.92 / 24.75 / 24.60

EUR/USD Technical Analysis

If the downward momentum in EURUSD, which is below the averages by leaving the rising channel as of the previous close, continues, it may decline towards 1.0860, 1.0840 and 1.0825 levels. Otherwise, if positive acceleration occurs again, there may be movement towards the 1.0875 level first, and if it passes above it, there may be movement towards 1.0900 and 1.0915 levels.

Resistances: 1.0875 / 1.0900 / 1.0915
Supports: 1.0860 / 1.0840 / 1.0825

NAS100 Technical Analysis

As of the last closing, the contract, which is above the 18150 level and maintains its main trend within the rising channel, may move towards 18530, 18750 and 19150 levels if the upward movement continues. Otherwise, it may retreat towards 18150, 17820 and 17475 levels in possible withdrawals that may occur in the contract.

Resistances: 18530 / 18750 / 19150
Supports: 18150 / 17820 / 17475

UKOIL Technical Analysis

UKOIL, which rose sharply last week and rose above the horizontal course it has been following for a while, continues to rise. Technically, 86.25 and 85.80 can be monitored as support levels in the short term if downward movements continue in the commodity, which follows a sellers' course in the morning hours after the sharp rise it experienced yesterday.  In case of upward movements, 86.90 and 87.30 can be followed as resistance levels.

Resistances: 86.90 / 87.30 / 87.75
Supports: 86.25 / 85.80 / 85.50

Wheat Technical Analysis

USD 527.50 remains a critical threshold for the Wheat commodity, which has been hovering at the lowest price levels since August 2020 and carried its losses to the 3rd consecutive week last week. If the upward movements in Wheat, which followed a horizontal course in the morning hours, continue, $546.75 and $549.50 can be followed as resistance levels in the short term. In downward movements, 539.00 and 537.00 can be followed as support levels.

Resistances: 546.75 / 549.50 / 553.00
Supports: 539.00 / 537.00 / 532.00

Tags: Technical Analysis, Analysis, Forex

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