market 19

My Thoughts on Current Markets-19


Hello everyone, let's start with Dow Jones. Here we see that especially 34200 is the resistance. Its attempt to hold on above Bollinger is positive, but its failure to move too far can be considered as a negative outlook. In other words, its failure to exceed 34200 can be considered negative even though it is above Bollinger. 33800s are really important for us. Now, if it remains below this level, we can talk about the possibility of reaching 33200 and then 32700. There has been a horizontal trend for a long time. It is unlikely to break unless there are very positive developments in its horizontal course. If anyone trades on indices here, they can benefit from the saw band, which can be considered as such times generally creating good opportunities for buying and selling. Because the index cannot leave a certain region, it can always provide opportunities. In other words, such periods can give you the opportunity to somehow close the positions you have opened. That's why I see it as evaluable and action can be taken by complying with the support and resistances I give.

Germany is a little more negative. In fact, it reacted up to 15,700, but could not exceed it. I care very much about us 15,700. As these levels were not exceeded, it came back to 15,200 and closed. If closings start below 15,200, where 15,400 is the top point of Bollinger's middle band. If the dax index cannot exceed this level, that is, cannot rise above 15,200 - 15,400, some further downward pressure can be expected here as well. The important support point of 15,000 is also psychologically important as it is a flat number in the short term. If we see a breakout here, I will expect the movement to continue until 14500.

Brent and gold were the most affected by the Israel-Palestine tension. Brent, you know, I especially drew attention to the correction in this region. I had pointed out that there might be reactions in this region, that is, between the 85,000 - 83,000 band, and there was a reaction. Afterwards, with the war, it increased significantly. Here, 92 dollars are especially important. It is important whether this level will be exceeded or not. If this level is exceeded, Bollinger above can be tried again. So 94.5's can be tried again. That's why I see it as important. Let's say that in the short term, levels of 92 and above 94 and a half are a different world, and it is useful to pay attention to this aspect. Let me point out that in order to turn negative, the 88 - 86 region must first be broken down again.

The point I drew attention to in Gold, especially before these events took place, was the 1810s. Why did I draw attention to this level? His reactions in February - March 2023 were directly at this level. It happened as a pinpoint shot. We received a harsh reaction from 1810. Afterwards, the upward movement intensified with the war. In addition, the decline in American bond interest rates continues to contribute to gold. It is useful to pay attention to this aspect as well. So, you may think that gold is not only rising due to war, but the withdrawal of bond interest rates also makes a positive contribution. Of course, calming down in the war situation here will definitely bring correction here, but whether we can stay on the 1914s will continue to be a reference for us for the continuation of the movement. If the closings above 1914 continue, our first resistance is 1934, then there is a high probability that the movement will continue after 1950 and until the 1970s. The 1970s are a very important point of resistance and we need to pay special attention to this. If we see these levels, let's state the negative scenario below, we can say that if it turns again and starts to close below the 1890s, there is a high probability of risking this movement again.

We saw a similar harsh reaction in silver. Here too, the important resistance point is 23,000. I will especially pay attention to whether it has crossed this area or not in the next week. Then there is the Bollinger upper band, namely 23,000. Here we can say that the 22900 - 23200 range will be important for us for the next week. Especially the 23 - 23.700 region is a critical area for us. If it can exceed this area, it can diverge positively and become even stronger. But if it cannot exceed this region, you can read the chart as saying it will bring a correction. We can say that whenever it becomes negative, turns around again and falls below 22.2, a negative trend begins again for Silver.

There is a serious squeeze in Bitcoin, it is 27,500 above and 25,000 below, we will find it in almost 3 months. Approximately 2 - 3 months are left at these levels, so we need to see a breakout here for a clear movement. Either it will break 25,000 below, the downward pressure will increase, or it will break 27,800 above, closings will begin to occur and a new movement will start upwards towards 29,500's and 31,000's. So this needs to be observed. We can read that it will still remain horizontal as long as these two breaks do not occur.

The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.

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