ALB Limited 21.12.2023

Positive Trend in Nas100 Ahead of Growth Data

NAS100 Technical Analysis

Ahead of the growth data to be announced in the US today, a favourable trend is observed in the Nas100 futures index contract. If upward movements continue, $ 16,970 and $ 17,075 can be followed as resistance levels. In case of possible withdrawals, $ 16,770 and $ 16,660 can be followed as support levels.
 
Resistances: 16.970 / 17.075 / 17.180
Supports: 16.770 / 16.660 / 16.570
 

ENTERPRISE Technical Analysis

Technically, the $ 26.08 level corresponding to the Fib 38.2% tranche can be followed as a critical threshold. In case of persistence below this level, $ 25.86 and $ 25.70 can be followed as support levels in the short term. In possible transitions above this level, $ 26.20 and $ 26.30 can be followed as resistance levels.
 
Resistances: 26,20 / 26,30 / 26,44
Supports: 25,86 / 25,70 / 25,50
 

WALMART Technical Analysis

Although it maintains its upward trend in the short term, 152.50-151.40 supports will be followed today as levels where reaction buying may strengthen. If 155.60 resistance is passed with upward pricing, 156.30-157.30 can be monitored as important resistances to be targeted respectively.
 
Resistances: 155.60 / 156.30 / 157.30
Supports: 152.50 / 151.40 / 150.50
 

WHEAT Technical Analysis

Technically, if the upward movements in Wheat, which follows a slightly buying course in the short term, continue, $ 622.50 and $ 630.00 can be followed as resistance levels. In case of possible retracements, $ 603.00, where the 100-day exponential average is located, and $ 596.50, which corresponds to the 50-day exponential average, can be followed as support levels.
 
Resistances: 622.50 / 630.00 / 637.00
Supports: 603.00 / 596.50 / 592.00
 

COPPER Technical Analysis

Copper tested slightly above the downtrend that has been going on since January 2023 yesterday, but it was seen that it could not provide permanence in this region. If upward movements continue, $ 393.00 and $ 396.60 can be monitored as resistance levels. In case of possible downward movements, $ 387.50 and $ 384.40 can be followed as support levels.
 
Resistances: 393.00 / 396.00 / 400.85
Supports: 387.50 / 384.40 / 380.85

Tags: Technical Analysis, Analysis, Forex

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.95% 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.