There is rapid movement on the Dow Jones side. Bollinger came and hung out for a few days. Then, with the breakdown on Thursday and Friday, it moves upwards towards its previous peak. The peak after the pandemic was around 36800. We can probably say that the rise to these levels may continue this week. The market has now started pricing the interest rate hike cycle as it is over, which will gradually evolve towards interest rate cuts. We continue to see the effects of this on both the gold side and the stock markets. What will you especially pay attention to here? 35700's Bollinger upper band, there is no problem with possible corrections as long as we stay on this band. You will interpret that Dow Jones may continue in the direction of new upward peaks. If a re-pricing starts below 35700, you will expect a possible correction. In the first stage, a correction may occur from 35300 and then up to 34800, if 35700 is broken.
Dax also has a fast move. It closed close to the top. Especially the important point we will follow here is 16300. As long as it can stay above 16300, it will continue to be positive and with the target of 16600, which is its old peak. Afterwards, Bollinger upper band 16700 will continue to move with this target. The negative scenario is that it starts to close below 16300 again, and in such a case, dax may correct itself up to 16000.
We saw rapid movement on the Brent side. Before this OPEC meeting, there was a movement up to 85 dollars without the clear decisions of the meeting being announced. But the closings continued to remain below 82,500. Afterwards, unless we see this value closing above the Bollinger middle band, the pressure on the oil side will continue. Especially if the 76 - 78 band is broken in the next period, there is a possibility that the movement up to 71,800 will remain under pressure. In other words, as long as 82,500 is not exceeded in upward movements, this region will generally be considered as a short position opportunity. For reactions, 76 - 78 can be chased, but even if closings below 76 start to occur, I can say that it is useful to act cautiously for 71,800 and 72s.
Gold made its highest closing. The date has come to a close. This was very important. It is important for us whether it can stay above the 2050s, that is, above the Bollinger upper band, in the next period. I specifically stated that the previous target was 2000 dollars above, between 2050 and 2070, and we quickly reached this target. We've already arrived within a week, but what comes next is important. If prices are above 2070, the upward movements will continue here. The level at which pullbacks should stabilize is $2050. As long as it does not fall below this level, there is still no problem. If there is a sharp withdrawal for a buying opportunity, I can tell you that the 2000 - 1970 dollar range is a region that can be considered as a buying opportunity.
There is also particularly good action in silver. Here, you will especially look at the 25800 - 26000 range. If these levels can be exceeded, a continuation of the movement in silver can be expected up to 26400 - 27500. But if the 26000s cannot be exceeded or the 25826 region cannot be exceeded, we can see some correction here, and in the first stage of such a correction, the 25000 - 24500 range appears as our support range for silver.
Bitcoin is currently above $39000. The point I pay attention to here is that we always said that if the 36000 dollar level does not break despite such negative news, the target here is now the 39000 - 41000 range, and we are experiencing this at the weekend. If it enters the weekend with an upward trend, this movement is generally supported and intensified on Saturday and Sunday. There is a general flow like this in cryptocurrencies. Here too, Ethereum was the last mover. It rose higher and took the lead. Now it will be very important for us whether the bitcoin side can stay above $ 39000 or not. I can say that if it can support above this level, a movement towards the resistances of 41000 - 44800 will begin. The negative trend was around 36800 from now on. As long as there is no close below 36800, there is still no problem. But on the bitcoin side, I can say that if you see a close below 36800, it is useful to be cautious against the possibility of a correction between 5% and 10%.
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