Markets Focused on Lagarde's Speech
NAS100 Technical Analysis
The Nasdaq index, which completed the day yesterday with a volatile course, is trading in the 16890 region with a positive outlook today. If upward movements continue, the 16970 level can be followed as an important resistance point. In possible downward movements, the 16800 level can be followed as a support point.
Resistances: 16970 / 17050 / 17130
Supports: 16800 / 16750 / 16600
COLGATE Technical Analysis
Technically, the stock, whose general trend is positive, closed Wednesday at $ 80.91. If the movements in the direction of the trend continue, 81.60 and 82.00 levels can be followed as important resistance levels in the short term, respectively. In downward movements, 80.35, where the 10-day exponential moving average passes, can be followed as an important support level. If the 80.35 level is crossed downwards, gradual buybacks from 79.70 and 79.20 support levels may strengthen.
Resistances: 81.60 / 82.00 / 82.80
Supports: 80.35 / 79.70 / 79.20
PEPSICO Technical Analysis
Following Morgan Stanley's "Equal Weight" and Citi Bank's "Neutral" assessments on Wednesday, PepsiCo shares closed on a positive note. If upward movements continue, the $ 167.58 level and 168.07, where the 10-day exponential moving average is located, can be followed as important resistance levels. If selling pressure occurs during the day, 165.40 and 164.80 can be monitored as important support levels. In case 164.80 is crossed downwards, 163.30 can be targeted as another important support level.
Resistances: 167.58 / 168.07 / 169.11
Supports: 165.40 / 164.80 / 163.30
WHEAT Technical Analysis
Technically, if the upward movements in Wheat, which follows a buying course at noon, continue, 585.50 and 591.00 dollars can be followed as resistance levels. In case of possible downward movements, $ 579.25 and $ 576.25 can be followed as support levels.
Resistances: 588.50 / 591.00 / 596.00
Supports: 579.25 / 576.25 / 573.50
COPPER Technical Analysis
If downward movements continue in Copper, which has lost value for 3 consecutive days after the rise on the first trading day of the week, 372.15 and 371.45 dollars can be followed as support levels. If possible recovery trends come to the agenda, 375.40 and 376.70 dollars can be followed as resistance levels.
Resistances: 375.40 / 376.70 / 378.20
Supports: 372.15 / 371.45 / 369.30 Tags: Technical Analysis, Analysis, Forex