ALB Limited 09.01.2024

Critical Turn in Nasdaq

NAS100 Technical Analysis

Nasdaq, the realisation of the short-term inflation expectation announced yesterday at the lowest level of the last 3 years was effective in increasing the risk appetite in the markets and the index completed the day at 16810. In the index, which started Tuesday with a limited retreat, 16730 level can be followed as a support point. In upward movements, the 16810 level can be followed as a resistance point.

Resistances: 16810 / 16885 / 16970
Supports: 16730 / 16680 / 16620
 

STARBUCKS Technical Analysis

If the upward pricing movements continue in the stock, which follows a positive trend in the short term, we think that 94.70 and 95.20 levels may be resistance points. In possible downward movements, 93.70 and 93.25 can be followed as support levels.

Resistances: 94.70 / 95.20 / 95.80
Supports: 93.70 / 93.25 / 92.80
 

HEINZ Technical Analysis

If the upward pricing in the stock, which follows a fluctuating course within the short-term bullish channel, continues today, attention should be paid to the technically important 38.50 resistance. While reaction sales may strengthen near this level, breaking it may spread the upward trend to the medium term. In downward pricing, 37.70-37.50 will be monitored as critical support levels.

Resistances: 38.30 / 38.50 / 38.90
Supports: 37.70 / 37.50 / 37.10
 

WHEAT Technical Analysis

Technically, if the upward movements continue in Wheat, which follows a buying trend at noon, $ 603.50, where the 100-day exponential moving average is located, can be followed as a critical level. If this level is exceeded, $ 607.75 and $ 610.00, corresponding to fibo 38.2%, can be followed as important resistance points. In possible downward movements, 595.00 and 590.75, which are at fibo 50.0%, can be followed as support levels.

Resistances: 603.50 / 607.75 / 610.00
Supports: 595.00 / 590.75 / 588.50
 

COPPER Technical Analysis

Technically, Copper, where the 200-day exponential average acts as a support, has a sellers' course at noon today. If the downward movements in Copper, which saw 380.00 levels today after yesterday's rise, continue, 379.15 and 378.25, where the 100-day exponential average is located, can be followed as support levels. If possible recovery trends come to the agenda, 381.15 and 382.35 dollars can be followed as resistance levels.

Resistances: 381.15 / 382.35 / 383.20
Supports: 379.15 / 378.25 / 377.15

Tags: Technical Analysis, Analysis, Forex

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