FED's Chance of Interest Rate Cut in June Diminishes

XAUUSD - Gold Technical Analysis

Ons Gold, which declined yesterday after the US PPI data, continues to recover in the morning hours today.  In upward movements, $ 2173 and $ 2181 can be monitored as resistance levels. In case of possible sales, $ 2161 and $ 2152 can be monitored as support levels. If these levels are passed downwards, $ 2146 can be targeted as support.

Resistances: 2173 / 2181 / 2189
Supports: 2161 / 2152 / 2146
 

XAGUSD Technical Analysis

A positive trend is observed in silver in the morning hours. If upward movements continue, 25.14 and 25.24 can be followed as important resistance levels. In downward movements, 25.00 and 24.87 can be followed as important support levels. If 24.87 is crossed downwards, 24.74 can be targeted as another important support level.

Resistances: 25.14 / 25.24 / 25.30
Supports: 25.00 / 24.87 / 24.74
 

EUR/USD Technical Analysis

EURUSD, which tested the 1.0950 level and retreated as of the previous close, continues its movement at 1.0875 levels. In case of a new positive acceleration in EURUSD, there may be a movement towards 1.0885 level first, and if it passes above it, there may be movement towards 1.0910 and 1.0930 levels. Otherwise, there may be a retracement towards 1.0875, 1.0860 and 1.0840 levels in possible reversals.

Resistances: 1.0885 / 1.0910 / 1.0930
Supports: 1.0875 / 1.0860 / 1.0840
 

NAS100 Technical Analysis

As of the last close, if the contract, which remains above the 18192 level and maintains its main trend, continues its upward movement, it may move towards 18489, 18717 and 18991 levels. Otherwise, it may retreat towards 18192, 17998 and 17782 levels.

Resistances: 18489 / 18717 / 18991
Supports: 18192 / 17998 / 17782
 

UKOIL Technical Analysis

UKOIL, which experienced a sharp rise yesterday with the decline in US commercial crude oil stocks and the possibility of supply-side cuts in the continuation of 2024, is also following a buyer course in the morning hours. UKOIL, which continues its movements in the horizontal band it has been in for a while, continues its upward acceleration. If the buyer movements continue, 85.55 and 86.05 can be followed as resistance levels. In case of possible retracement, 85.20 and 84.55 can be followed as support levels.

Resistances: 85.55 / 86.05 / 86.50
Supports: 85.20 / 84.55 / 84.00
 

Wheat Technical Analysis

A positive trend is observed in Wheat on the last trading day of the week. If upward movements continue, 536.70 and 540.00 can be followed as important resistance levels. If the 540.00 level is crossed upwards, 543.80 can be followed as another important resistance level. In case of reaction sales, 529.00, 525.70 and 523.00 can be followed as important support levels in the short term, respectively.

Resistances: 536.70 / 540.00 / 543.80
Supports: 529.00 / 525.70 / 523.00