Oil Started the Week With a Decline

XAUUSD - Gold Technical Analysis

Ounce Gold, which continued its upward movement in line with the FED interest rate cut expectations that strengthened after the Non-Farm Employment data announced on Friday, renewed its historical peak with $ 2194 on Friday. If the upward movements continue in the precious metal, which follows a horizontal course on the first trading day of the new week, 2186 and 2195 can be followed as short-term resistance levels. In case of retracements, 2176 and 2168 can be followed as support levels.

Resistances : 2186 / 2195 / 2200
Supports : 2176 / 2168 / 2160
 

XAGUSD Technical Analysis

On the first trading day of the week, a horizontal course is observed in Silver. If sales occur during the day, 24.15 and 24.04 can be monitored as important support levels. In case of recovery movements, 24.37 and 24.48 can be followed as important resistance levels. If the 24.48 level is crossed upwards, 24.63 can be targeted as another important resistance level.

Resistances : 24.37 / 24.48 / 24.63
Supports : 24.15 / 24.04 / 23.93
 

EUR/USD Technical Analysis

EURUSD, which has reached the level of 1.0950 by rising with its recent movements, is on an upward positive course above the 9 and 22-day exponential moving averages that we follow as reference indicators. If the EURUSD moves above the 1.0955 level, there may be movement towards 1.0980 and 1.1010 levels. Otherwise, there may be a retreat towards 1.0930, 1.0910 and 1.0885 levels in possible returns.

Resistances : 1.0950 / 1.0980 / 1.1010
Supports : 1.0930 / 1.0910 / 1.0885
 

NAS100 Technical Analysis

Although the Nas100 futures index contract moved below the 18140 level with its last movement, it continues to move above the 33-day exponential moving average and trend, which we follow as reference indicators. In order for the upward momentum in the contract to continue from where it left off, persistence above the 18140 level can be sought. In this case, there may be movement towards 18375 and 18590 levels. Otherwise, there may be a retracement towards 17800 in the first place in the retracements to be experienced in the contract, and if it passes below 17600 and 17400 levels. Even if there is a pullback, the general positive outlook may continue as long as the main trend remains above.

Resistances : 18140 / 18375 / 18590
Supports : 17800 / 17600 / 17400
 

UKOIL Technical Analysis

UKOIL, which followed a sellers' course for the 3rd consecutive day ahead of the OPEC report to be announced on Tuesday, seems to have received support from the 50 and 100-day exponential average. UKOIL, which has been showing negative pricing for a while with the effect of low demand in China, is also following a sellers course on the first trading day of the week. If UKOIL continues its downward movements, 81.35 can be monitored as a critical support. In upward movements, 81.85 and 82.10 can be followed as resistance levels. OPEC, IEA and US Energy Information Administration data will be followed on the UKOIL side, which will be in an intense data flow this week.

Resistances : 81.85 / 82.10 / 82.40
Supports : 81.35 / 81.00 / 80.70
 

Wheat Technical Analysis

A negative course is observed in wheat in the morning hours. If sales continue during the day, 533.00 and 527.00 can be followed as important support levels. In upward movements, 542.00 and 547.00 can be followed as important resistance levels. If the 547.00 level is crossed upwards, 554.00 can be targeted as another important resistance level.

Resistances : 542.00 / 547.00 / 554.00
Supports : 533.00 / 527.00 / 521.00