Wheat at Lowest Level After August 2020
NAS100 Technical Analysis
Nasdaq is trading in the 15975 region on the second trading day of the week, failing to maintain above the 16000 level. If downward movements continue, the 15940 level can be followed as a support point. In possible upward movements, the 16000 level can be followed as a resistance point.
Resistances: 16000 / 16080 / 16120
Supports: 15940 / 15840 / 15730
WELLS FARGO Technical Analysis
In technical terms, 43.10 should be followed as critical resistance today in the stock, which continues to rise in pricing above 42.40. Crossing this level may enable the 43.70 level to be targeted. In downward pricing, 42.40-42.00 levels will be followed as important supports.
Resistances: 43.10 / 43.70 / 44.30
Supports: 42.40 / 42.00 / 41.50
TESLA Technical Analysis
Technically, the 236.26 level corresponding to the 50-day moving average can be followed as a critical threshold. In case of persistence below this level, $ 234.10 and $ 233.70 can be followed as support levels in the short term. In possible transitions above this level, $ 237.22 and $ 238.60 can be followed as resistance levels.
Resistances: 237,22 / 238,60 / 240,80
Supports: 234,10 / 233,70 / 232,10
WHEAT Technical Analysis
Wheat, which tested its lowest level since August 2020 with the level of 526.75 yesterday, is seen to be recovering in the short term today. If upward movements continue, 540.00 and 545.00 dollars can be followed as resistance levels. If downward movements come to the agenda, 531.00 and 527.00 dollars can be followed as support levels.
Resistances: 540,00 / 545,00 / 550,00
Supports: 531,00 / 527,00 / 523,25
COPPER Technical Analysis
From a technical point of view, yesterday Copper failed to sustain above 377.80, where the 200-day exponential moving average crossed, and this led to increased selling pressure in the short term. In the event that downward pricing continues in Copper, which follows a sellers' course today, 372.50, where the 100-day exponential moving average passes, can be followed as an important support level. If possible recovery trends come to the agenda, 375.80 and 377.80, where the 200-day moving average passes, can be followed as important resistance levels.
Resistances: 375.80 / 377.70 / 379.80
Supports: 372.50 / 369.90 / 367.20
Tags: Technical Analysis, Analysis, Forex