ALB Limited 21.11.2023

Markets Ahead of Fed Minutes

NAS100 Technical Analysis

 
Before the FOMC Minutes to be announced today, Nasdaq is trading above the critical 16000 level. Although it tested the 16122 level with the opening today, it could not provide permanence above this level and retreated to 16080. If downward movements continue, the 16000 level can be followed as an important support point. In upward movements, the 16120 level can be followed as the primary resistance point.
 
Resistances: 16120 / 16210 / 16300
Supports: 16000 / 15910 / 15840
 

Allianz Technical Analysis

 
As of the first week of November, Allianz is trading in the 229.00 region with the effect of reaction purchases. If the upward movement continues, the 230.00 level can be followed as a resistance point. In downward movements, the level of 228.00 can be followed as a support point.
 
Resistances: 230,00 / 231,50 / 233,50
Supports: 228,00 / 226,00 / 224,00


VALERO Technical Analysis

 
In the stock, which has followed an upward trend in the last two trading days, 127 resistance will be followed in terms of the continuation of the rise. If the 127 level is broken, 129.00-131.50 levels can be targeted. If the stock falls below the 124 level, 122.40-119.40 supports will be followed.
 
Resistances: 127.00 / 129.00 / 131.50
Supports: 124.00 / 122.40 / 119.40
 

WHEAT Technical Analysis

 
Wheat, which carried the decline it experienced last week to this week, is technically in a slightly sellers course. If the retreat continues, 540.50 and 535.50 dollars can be monitored as support levels. In case of possible buyer movements, $ 546.50 and $ 551.00 can be followed as resistance levels.
 
Resistances: 546,50 / 551,00 / 555,75
Supports: 540,50 / 535,50 / 531,25


COPPER Technical Analysis

 
Technically, a slightly buying course is observed in Copper, close to flat in the short term. If upward movements continue, $ 383.10 and $ 384.60 can be monitored as resistance levels. In downward pricing, 380.10 and $ 378.50 can be followed as support levels.
 
Resistances: 383,10 / 384,60 / 385,50
Supports: 380,10 / 378,50 / 377,30

Tags: Fed

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.