ALB Limited 20.12.2023

Copper Breaks Downtrend

NAS100 Technical Analysis

In the index, where the uptrend continues, the 17,000 level, where instant pricing occurs, can be followed as a critical threshold. If the 17,000 level is crossed upwards, 17,070 and 17,180 levels can be followed as resistance levels in the short term. In downward pricing, $ 16,800 and $ 16,660 can be monitored as support levels.

Resistances: 17.070 / 17.180 / 17.250
Supports: 16.800 / 16.660 / 16.570
 

CISCO Technical Analysis

If the stock, which appears in an upward trend in the short term, rises today, the 50.60-51.00 resistances will be followed. Especially the 51.00 level can be a critical resistance where the downtrend also passes. If the 49.80 level is broken with downward pricing, 49.40-49.00 supports will be monitored for possible reaction purchases.

Resistances: 50.60 / 51.00 / 51.30
Supports: 49.80 / 49.40 / 49.00
 

COCA COLA Technical Analysis

In the stock, which has followed a horizontal trend in recent days, 59.50 resistance will be followed in upward pricing. If this level is exceeded, 60.00 resistance can be targeted. In downward pricing within the horizontal trend, 58.50-58.10 intermediate supports should be noted today.

Resistances: 59.50 / 60.00 / 60.30
Supports: 58.50 / 58.10 / 57.50
 

WHEAT Technical Analysis

Technically, if the upward movements continue in Wheat, which follows a slightly buying trend in the short term, 632.00 and $ 637.00, where the 200-day exponential moving average is located, can be followed as resistance levels. In case of possible withdrawals, $ 618.00 and $ 611.00 can be followed as support levels.

Resistances: 632.00 / 637.00 / 643.25
Supports: 618.00 / 611.00 / 603.00
 

COPPER Technical Analysis

Copper, which has managed to break the resistance of the downtrend since January 2023, has a buying trend in the short term. In the commodity, where the 390.00 level should be followed as a critical threshold, if the upward movements continue, $ 397.00 and $ 400.85 can be followed as resistance levels. In case of downward movements, 390.00 and 385.30 dollars can be followed as support levels.

Resistances: 397.00 / 400.85 / 403.45
Supports: 390.00 / 385.30 / 380.85

Tags: Technical Analysis, Analysis, Forex

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