After the recent correction on the Dow Jones side, we entered the recovery process with the inflation data. Here 39000s have become important now. Psychological levels, if we can get pricing above this level, movement towards the 39800 - 40000 range can be expected again. As long as our critical level remains above this zone, there will be no deterioration in the trend. Upward movements will continue to be supported. When we turn around and start closing below 38400's, we can read the chart that the footsteps of a correction, a harsh correction are coming, and in such a case, the point we will reach is again clear. We may experience a retreat to the 38000 - 37500 range on the Dow Jones side.
On the S&P side, they are trying to provide support especially at the 4980 levels, and we have a track at approximately 4960 there. We have our bollinger just above that. There is no problem holding on to these two values. But it seems to be making multiple peaks in the 5050s. Frankly, when we sit above 50, we can breathe easy and see an accelerating movement upwards again. But if we continue to have difficulty exceeding 5050, we will see another downward pullback of 1% to 1.5%. I can also point out that if we start to close below 4970, it will indicate a slightly larger correction.
Germany is a little more active, in fact it has renewed its peak. We can say that the summit has come to an end. Here too, it closed on Bollinger. Frankly, if the movement on Bollinger continues, that is, if it continues to strengthen above 17200 as of next week, I think that the movement here may evolve a little more upwards and get ahead of America. But it will turn around and be under Bollinger again, meaning 17160's will rise a little more next week. If it starts to close below these levels, the possibility of a downward pressure towards 17000 and then towards 16700 will increase. Let's pay attention to this on the German side.
We saw a rapid attack in Bitcoin. Here, after the top of our Bollinger at 44700 was exceeded, 44700 was also one of our important resistance points. Afterwards, we saw a rally-like movement. It brought us to another important resistance point at 47000 and then 51000 levels. 51200's are our important support point below. This is how you follow your trail in the next period. As long as we do not see a close below this level, there is no problem. The upward movement may continue. I can say that our first main resistance point is 54400 - 54500. If this level is exceeded, the movement here towards 60000 will be supported. When it breaks down and turns and we start to get closure under our track time, then I'm not talking about a fast action type saws. If it breaks after rapid rises, the size of the subsequent correction may increase slightly. So it will be important. So the 50000 - 51000 range will be very important for us next week. As long as we stay above this range, we're fine. But if this range breaks down, the pressure may increase.
On the Brent side, the Bollinger middle band has been exceeded at critical levels and support is being provided. The corrections that come in turn into reactions from here, which frankly gives us an idea that it can get a little stronger. If we start getting closes below the middle band of Bollinger 81.300s, it's okay. On this side, in the short term, at least on the inflation side, a movement may develop that will reassure the world. But this level is not broken. 81,300s are not broken in downward movements. We can think that an upward movement towards the 85 - 87,000 band is expected within the next week. In the short term, the 82 - 81.300 range will continue to be very important support levels for us on the Brent side.
We did not see a very sharp movement in gold despite the inflation data being above 2040 - 2080 and below 1970 - 2000. After the retreat towards the region I mentioned, as long as the reaction formation does not leave this range, if you have trading skills, we will start to reduce interest rates in this month until the interest rate situation becomes clear and announced, and our target is 4 - 5 interest rate reductions by the end of the year, these and similar statements. Unless you hear about it, you should not expect a very upward movement in gold on the ounce gold side. Especially for this reason, this region can be used. If there is a breakout without news, the 2080s will either break down with news, or if there is a breakout without news, then it may turn positive again. Especially in this respect, the 2080s above are our indispensable point to pass.
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