In Dow Jones, there was a reaction from the 37500 - 38000 range, which I pointed out before. Reactions reached up to 39000. We also saw some minor corrections from here. Then the 39000 attempt came again. But we have difficulty passing these levels. This will be the point we will follow next week. If we start to get closes above 39000, we will expect movement towards 39400. One of the important levels is around 39800. Afterwards, the main resistance point will be 40400. I do not expect this region to be overcome in the short term. I think the saw movement may continue for a while. At least in the range of 39400 to 38000.
On the DAX side, the reactions were a little more limited. After Bollinger broke down, the support level we made, especially in the 17743 region, was tested as a point in mid-April, which is 17700. Afterwards, we saw an attack up to 18400 with a rapid reaction. So we saw an attack on the Bollinger top band. But we can't get over Bollinger. Even though we couldn't get past it in the trials, we already saw the fix for this. We will continue to follow the 18000s in the short term. If it can stay above 18000, I can say that it will be possible for us to make an attack towards 18500 again in the coming days. Unless 18500 is exceeded in the short term, I cannot say that we have clearly returned to the upside. But if 18500 is exceeded and we start to stay above it, we will be able to talk about new peaks on the dax side. Unless we can do this, the down pressure may continue, and the main support point in the down pressure is still 17700. I can say that 17700 can be considered as a buy point as long as it is not broken.
I was thinking that the calming down of the war situation in gold, especially in the 2400s, the postponement of the interest rate cut expectation, which was the reason for the main movement, and the decrease from 6 to 1 would increase the pressure here. I can say that when the war situation eased and the news stopped a little, it started to decline. Especially the Bollinger peak was tested during the week, it corresponds to 2270. As long as there is no breakdown here, there is still a chance that it will survive. But if we start to get closes below 2270, the possibility of a retreat to 2230 - 2180 levels will increase. So the negative scenario is on the 2276 closing ounce side. The positive scenario is that if we turn around and start taking closings above 2340, we can read the chart as saying that the ounce side will move towards 2400 again.
In silver, we are below Bollinger. We can say that the retreat was a little harsher here. In the short term, let's start to get closes at least above Bollinger again so that we can get an upward attack towards 27.200 - 27.900. Unless we can do this, that is, unless we can close above the 26,700 - 26,800 band in the short term, silver may remain under pressure for a while, where one of our first main support points is 25,800. As long as there is 25,800 support, there is no problem. It may get a reaction, but let me state that if 25800 is broken, we may see a retreat to the range of 25 - 25,400 ounces of silver.
There was a point in Brent that I particularly emphasized. In such movements, Bollinger returns from its peak in September. In general, I was saying that I showed this place as an example, I showed these levels as an example, and even in April, I do not expect the 92 - 94 region to be exceeded. I was stating that there would be a correction from here and if it caused a close below 87, we could see a retreat to the 85-82 band. We experienced this firsthand, it was around 85, and he gave his reaction. Since it could not stay above 87's, we saw that sales came again until 82's. The Bollinger middle band and one of our main support points are at very important levels. A possible breakout may drag us to the 78 - 76 band on the Brent side. If we support and start to see permanence above 82, we can state that there will be a possibility of an attack towards 85 after 84.200 in the first phase of the week in Brent.
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