ALB Limited 26.01.2024

Global Markets Await Personal Consumption Data

NAS100 Technical Analysis

While Nasdaq reached record highs with the effect of the announced financials, it is traded in the 17475 region with profit realisations on the last trading day of the week. If downward movements continue, the 17430 level can be followed as a support point. In upward movements, the 17570 level can be followed as a resistance point.
 
Resistances: 17570 / 17650 / 17720
Supports: 17430 / 17350 / 17270
 

TESLA Technical Analysis

With Elon Musk stating that the growth rate will be "significantly lower" in 2024, the stock fell by up to 10% yesterday, losing a value of $ 73 billion. When Tesla's efforts to increase sales by reducing vehicle prices in 2023 were not successful and last quarter earnings were below expectations, the company's share prices were negatively affected. If downward movements continue, 179.90 and 177.80 can be monitored as important support levels in the short term. In upward movements, 185.30 and 188.90 can be followed as important resistance levels.
 
Resistances: 185.30 / 188.90 / 192.50
Supports: 179.90 / 177.80 / 176.20
 

DISNEY Technical Analysis

Technically, 95.80 and 96.40 can be followed as important resistance levels if the upward movements continue in the stock, which closed the day positively yesterday. In case of selling pressure, 93.80 and 92.70 can be followed as important support levels. If the 92.70 level is crossed downwards, buybacks from 92.20 other important support level may strengthen.
 
Resistances: 95.80 / 96.40 / 97.40
Supports: 93.80 / 92.70 / 92.20
 

WHEAT Technical Analysis

Technically, a negative course is observed in Wheat. If downward movements continue, the level of 603.80 and 601.00, where the 100-day exponential moving average passes, can be followed as important support levels. If the 600 level is crossed downwards, 594.80 can be followed as another important support level. In upward movements, 611.60 and 617.20 can be targeted as important resistance levels.
 
Resistances: 611.60 / 617.20 / 624.25
Supports: 603.80 / 600.00 / 594.80
 

COPPER Technical Analysis

Copper is trading in the 385.00 region on the last trading day of the week with reaction sales from the 389.20 level it tested this week. If the upward movement continues, the 389.00 level can be followed as a resistance point. In case of possible downward movements, the 384.00 level can be followed as a support point.
 
Resistances: 389,00 / 393,50 / 396,00
Supports: 384,00 / 380,00 / 373,00

Tags: Technical Analysis, Analysis, Forex

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.40% of retail investor accounts lose money when trading CFDs with ALB Limited. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The value of your investment may go down as well as up.

NEGATIVE BALANCE PROTECTION: Please see your rights here as a retail client.