I can say that the reactions on the Dow Jones side have accelerated. After the 39000 level was exceeded, 39400 - 39600 levels were reached. 39600's are important, there is a possibility that it will go above this level again to the range of 40000 - 40400. In the main pullback, 37500 - 38000 is very important for us due to the movements it made in this range before. I was stating that there should be a balancing and upward movement in this area, and we saw this as well. What triggered this was that the possibility of an interest rate cut was moved a little earlier with the data received last week, which was almost postponed to this range. When it was withdrawn earlier, it supported the stock markets a little more. I can even say that it caused a new peak on the dax side.
DAX has just hit a new high. Here too, the balancing was around 17500 - 17700. This was the similar support zone. I can say that after the reaction and correction here, the movement starting from 18000 brought the new peak. Here, we will especially pay attention to balancing between 18600 - 19000 levels in case of a possible correction. If it can break above this range, upward movements will continue. It is useful to follow with a stop at 18600. Your tracking will also be at these levels during the week. I can say that as long as this level is not broken, the upward movement in DAX will continue.
Similarly, with the incoming data, we saw a new movement in gold, as the interest rate cut expectations were brought forward. We passed Bollinger, independent bars that do not touch Bollinger started. The rally started above. The correction movement started, it contacted Bollinger again and turned into a reaction movement. As long as it does not break Bollinger, the upward movement will still be supported. The level we will follow in the next period here has risen to 2300. In the short term, 2340 is our support point. If it can stay above this support, there may be an expectation that 2400 will be tested in the coming days. If 2400 is exceeded, we will talk about new peaks on the gold side. Even if pricing starts below 2340 again in case of possible pullbacks, our main support point is 2300. A possible breakout could push us back to 2240. Let me also mention this, on the gold side.
Silver also moved especially with gold. 28,700 is the important resistance point here. If it can close above this level, we will talk about the possibility of moving strongly towards the 30s again. But if 28,700 continues to be resistance in the coming days, there will be pressure on 28. It is worth noting that such a situation may push us to the possibility of a correction up to 27,200, which will approach 27,200 in the next week.
I was always citing the 92 - 93 regions of Brent as an example in case there was a correction. I also mentioned that we saw this especially in the 90-92 band. It reached 82. The place where it tries to balance is the very important bollinger middle band. That's why I especially recommend you to follow the 250 bollinger. You will really find it very useful on many instruments if you can adapt to use it yourself. Here, especially 82 is an important bollinger support point for us. A break here could push us up to the 80 - 78 band. Let's pay attention to this. As long as 82 is not broken, we are still open to reactions. Reactions usually come until the follower, and the follower is at 84. So possible reactions could bring us up to 84 - 85. But I can state that as long as the 84 - 85 zone is not exceeded, the downward pressure will continue on Brent.
Unfortunately, there is a negative situation in Bitcoin. The negative situation is this; After the peak exceeding 71000, it bottomed towards 62000. The next peak around 70000 is below the old peak. The next bottom around 60000 is below the old bottom. So the lowering highs and lowering lows continue. If this incoming movement breaks 60000 and falls below 58000, there is a possibility that it will bring us to the range of 54000 - 51000. Fast rises can generally lead to rapid declines in this type of technical outlook. We need to be careful about this, especially below 60000. If we turn around and start getting closes above 67000, we can talk about the possibility of seeing a strong positive movement here again. But I can say that unless 67000 is exceeded in the short term, the bitcoin side will continue to remain under pressure.
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