Copper at Critical Resistance Level

NAS100 (March 2024 Maturity) Technical Analysis

Nasdaq futures index contract is following a positive course in the short term today. Especially the expectation that the high interest rates expressed by the FED are now approaching the peak and that interest rates may be cut by 2024 creates relief in the markets. If the upward movements are maintained above 16880 level, we think that 17000 and 17100 resistances can be targeted respectively. In downward movements, reaction purchases from 16630 and 16560 support levels may strengthen.
 
Resistances: 16880 / 17000 / 17100
Supports: 16630 / 16560 / 16450
 

VOLKSWAGEN Technical Analysis

In the stock, which showed a positive closing at 124.85 on Thursday, 128.70 and 129.40 can be monitored as important resistance levels if upward movements continue today. If the 129.40 level is crossed upwards, it may gain momentum and 130.60 can be targeted as another important resistance level. If profit realisations come to the agenda, the level of 126.70, which corresponds to the 23.6% fibonacci slice, and the level of 126.00, where the 100-day exponential moving average passes, can be followed as important support levels.
 
Resistances: 128.70 / 129.40 / 130.60
Supports: 126.70 / 126.00 / 125.30
 

PHILIPS Company Technical Analysis

If the stock, which has risen sharply in the last two trading days, continues its upward pricing, 20.75 should be followed as a critical resistance. While reaction sales may come at this level, 20.90 level can be targeted if it is broken. In downward pricing, while 20.20 is intermediate support, if it is broken, downward pricing may strengthen.
 
Resistances: 20.75 / 20.90 / 21.40
Supports: 20.20 / 19.70 / 19.30
 

WHEAT Technical Analysis

If downward movements continue in the Wheat commodity, which is traded in the sellers' zone on the last trading day of the week, 610.00 and 601.00 dollars can be followed as support levels. If recovery trends come to the agenda, $ 627.00 and $ 632.50 can be followed as resistance levels.
 
Resistances: 627.00 / 632.50 / 638.25
Supports: 610.00 / 601.00 / 588.50
 

COPPER Technical Analysis

Technically, it is seen that Copper is testing the resistance of the downtrend from March 2022. If the 391.35 level, where the trend resistance passes, is broken, 392.45 can be targeted as another resistance level. In case of possible retracements, 388.50 and 387.50 can be considered as support levels.
 
Resistances: 391,35 / 392,45 / 393,40
Supports: 388,50 / 387,50 / 386,30