– Should stay above 1.2060
While the expectations for the US fiscal stimulus package support the markets, there is a more positive atmosphere in the Euro zone after the ECB statements. It is important to overcome the 1.2060 resistance in the pair, but in the current situation it is difficult to gain momentum due to the large amount of dollar short positioning.
- Support: 1,2060 – 1,20 – 1,19
- Resistance: 1,2130 – 1,2180
– It is important to stay above 1.3750
While the economic data in England show the cost of the measures taken during the quarantine period, the target of the parity above 1.3750 seems to be 1.40 with the further strengthening of the technical outlook in the short term. Therefore, the basic factors are of secondary importance at this stage.
- Support: 1,3750 – 1,3620
- Resistance: 1,40
– 105 became resistance
We see that the upward movement in the pair, which has been continuing in the last days, has been largely reversed with the slowdown in the US bond interest rates. With the ongoing decline below 105 level, 104.40 level can be indicated as short term support.
- Support: 104,40 – 104
- Resistance: 105 – 106,50 – 107,40
– The rise continues
While gold prices on dollar-ounce basis continue to rise again after exceeding the 200-day average, the resistances to be followed above the level of 1830 in the first place, 1850 and then 1865. For silver, if the resistance of 27.50 can be exceeded, the movement can gain speed.
- Support: 1820 – 1830
- Resistance: 1850 – 1865
Positive course continues
Expectations for an increase in demand have been effective with the acceleration of vaccination efforts, while the continuation of production cuts due to OPEC + also supports the price increase, which has climbed to the highest of the last 13 months. Stock data will be monitored, 60 is the medium term target position for WTI.
- Support: 55 – 57,50
- Resistance: 58,50 – 60
– New records may come
The rally atmosphere continues in the US indices, and after the index, which closed from its 3915 new historical peak by continuing to rise the previous day, there is a near-flat trend in futures index contracts. Positions can be maintained by observing the 4000 resistance above the 3900 level.
- Support: 3900 – 3860
- Resistance: 4000
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