Macroeconomic Overview
I think the uptrend in the stock markets will continue this year.
I do not expect a new low because the market expects that inflation will decrease.
There is a recession risk in the global market, but there is full confidence in central banks against a deep recession risk.
US inflation data will be released on Tuesday, if the inflation data is lower than expected, we may see sharp increases.
On the other hand, FED (Federal Reserve Bank) said that they will follow the economic data and the interest rate policy depends on inflation and data.
Therefore, the recession risk is not priced in the markets and the bad data triggers the rises.
When We Examine the Price Chart in the Daily Term
The price found support at the 12k level.
The price sagged back below the train after breaking the downtrend resistance.
I think this move is a pullback move.
Thus, we tested whether it broke the trend or not.
If the 12780 level is broken, the next target is 13700.
You can wait for the corrective actions for the purchase.
It will give the opportunity to buy and sell.
I think the uptrend in the stock markets will continue this year.
I do not expect a new low because the market expects that inflation will decrease.
There is a recession risk in the global market, but there is full confidence in central banks against a deep recession risk.
US inflation data will be released on Tuesday, if the inflation data is lower than expected, we may see sharp increases.
On the other hand, FED (Federal Reserve Bank) said that they will follow the economic data and the interest rate policy depends on inflation and data.
Therefore, the recession risk is not priced in the markets and the bad data triggers the rises.
When We Examine the Price Chart in the Daily Term
The price found support at the 12k level.
The price sagged back below the train after breaking the downtrend resistance.
I think this move is a pullback move.
Thus, we tested whether it broke the trend or not.
If the 12780 level is broken, the next target is 13700.
You can wait for the corrective actions for the purchase.
It will give the opportunity to buy and sell.
