ALB Limited 01.02.2024

Recovery Trend in Nasdaq After FED

NAS100 Technical Analysis

Yesterday, the fact that the FED did not change the policy rate and stated that the interest rate hikes were over caused high volatility in the markets in the short term and closed the day negatively. Today, 17440 and 17530 can be followed as important resistance levels if upward movements continue in the Nasdaq index, which follows a positive course in the short term. If the 17530 level is crossed upwards, 17650 can be followed as another important resistance level. In downward movements, 17270 and 17150 can be followed as important support levels.

Resistances: 17440 / 17530 / 17650
Supports: 17270 / 17150 / 17000
 

PHILIPS Technical Analysis

If the upward movements continue in the stock, which closed positively on Wednesday, 20.00 and 20.26 can be followed as important resistance levels. If the selling pressure increases during the day, 19.52 and 19.20 can be followed as important support levels in the short term. If the 19.20 level is crossed downwards, 19.00 can be targeted as another important support level.

Resistances: 20.00 / 20.26 / 20.48
Supports: 19.52 / 19.20 / 19.00
 

VOLKSWAGEN Technical Analysis

Today, a positive course is observed in the stock in the short term. If upward movements continue, 133.60 and 135.00 can be followed as important resistance levels. If the 135.00 level is crossed upwards, 136.40 can be followed as other important resistance levels. In case of downward movements, 131.00 and 129.80 can be targeted as important support levels.

Resistances: 133.60 / 135.00 / 136.40
Supports: 131.00 / 129.80 / 128.20
 

WHEAT Technical Analysis

Technically, 588.50 and 585.50 dollars can be followed as support levels in case of continued withdrawals in Wheat, which continues pricing movements in the negative zone at noon. In possible upward movements, 595.50 and 598.00 can be followed as resistance levels.

Resistances: 595.50 / 598.00 / 600.00
Supports: 588.50 / 585.50 / 581.00
 

COPPER Technical Analysis

In the event that downward movements continue in the commodity, which follows a sellers' course in the afternoon hours today after the decline experienced yesterday, 383.45 and 381.95, which corresponds to the 50-day exponential average, can be followed as support levels. In case of possible recovery trends, 387.90 and 389.60 can be followed as resistance levels.

Resistances: 387.90 / 389.60 / 391.30
Supports: 383.45 / 381.95 / 380.40

Tags: Technical Analysis, Analysis, Forex

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.99% 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.