ALB Limited 11.12.2023

Direction Seeking Continues Before FED

NAS100 Technical Analysis

The Nas100 futures index contract, which fluctuated after the Non-Farm Payrolls data announced on Friday, follows a slightly sellers course in the short term on the first trading day of the week. If downward movements continue, 15985 and 15888 dollars can be monitored as support points. In case of a possible recovery trend, $ 16115 and $ 16170 can be followed as resistance levels.
 
Resistances:
16115 / 16170 / 16210
Supports: 15985 / 15888 / 15850
 

CATERPILLAR Technical Analysis

Technically, the $ 260.10 level, corresponding to the Fib 38.2% tranche, can be followed as a critical threshold. In the short term, $ 261.30 and $ 262.40 can be followed as resistance levels in the transitions above this level. In case of possible persistence below this level, $ 258.30 and $ 257.50 can be followed as support levels in the short term.
 
Resistance: 261,30 / 262,40 / 263,80
Support: 258,30 / 257,50 / 256,00
 

HEINZ Technical Analysis

In the stock, which closed negatively on Friday, 35.80 and 35.50 can be monitored as important support levels if downward pricing continues today.  If 35.50 is crossed downwards, 35.25, where the 200-day exponential moving average passes, can be targeted as another important support level in the short term. In case of upward pricing, 36.45 and 36.65 can be followed as important resistance levels.
 
Resistances:
36.45 / 36.65 / 36.90
Supports: 35.80 / 35.50 / 35.25
 

WHEAT Technical Analysis

Technically, if the downward trends in Wheat, which performed weakly on the first trading day of the week, continue, $ 621.00 and $ 616.25 can be followed as support levels. In case of possible upward accelerations, 630.82 and 638.00 dollars, corresponding to the fib 38.2% slice, can be followed as resistance levels.
 
Resistances: 630,82 / 638,00 / 644,75
Supports: 621,00 / 616,25 / 610,00
 

COPPER Technical Analysis

Technically, Copper pricing is following a sellers course in the short term. During the day, 379.90, where the 200-day exponential moving average is located, can be followed as a critical threshold. In case of persistence below this level, selling pressure may increase in the short term and 378.70 and 378.30 can be followed as support levels respectively. If this level is crossed upwards, 382.30 and 383.80 can be followed as important resistance levels.
 
Resistances: 382.30 / 383.80 / 385.00
Supports: 379.90 / 378.70 / 378.30

Tags: Technical Analysis, Analysis, Forex, FED

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