Critical 50-Day Moving Average Resistance in Wheat

NAS100 Technical Analysis

Although macroeconomic data led to a decline in Fed's interest rate cut expectations, higher-than-expected profitability announcements of companies contributed significantly to the Nasdaq reaching new record highs. In this parallel, Nasdaq is trading in the 17750 region at noon on Tuesday. If the upward movements continue after this process, the 17800 level can be followed as a resistance point. In possible downward movements, the 17700 level can be followed as a support point.

Resistances: 17800 / 17900 / 18000
Supports: 17700 / 17550 / 17350
 

PEPSICO Technical Analysis

If the upward movements continue in the stock, which closed the first trading day of the week positively, 171.95 and 173.60 can be followed as important resistance levels in the short term. In case of possible downward movements, 170.00 and 169.30, where the 10-day exponential moving average passes, can be followed as important support levels. If the 169.30 level is crossed downwards, 168.00 can be followed as another important support level.

Resistances: 171.95 / 173.60 / 175.00
Supports: 170.00 / 169.30 / 168.00
 

SIEMENS Technical Analysis

SIEMENS stock closed the day negatively yesterday. Technically, 163.80 and 162.40 can be followed as important support levels if downward movements continue. In case of a recovery trend during the day, 166.20 and 167.40 can be followed as important resistance levels. If the 167.40 level is crossed upwards, 169.30 can be targeted as another important resistance level.

Resistances: 166.20 / 167.40 / 169.30
Supports: 163.80 / 162.40 / 161.00
 

WHEAT Technical Analysis

Technically, if possible upward pricing movements come to the agenda in wheat, which follows a horizontal course at noon, 593.50 and 595.75 dollars can be followed as resistance levels. In case of downward movements, 586.50 and 584.00 dollars can be followed as support levels.

Resistances: 593.50 / 595.75 / 599.50
Supports: 586.50 / 584.00 / 581.75