The government plans a 4.9% deficit for next year and will gradually reach 2.8% by 2030, under the Maastricht criteria
The dollar entered a corrective phase, but the euro also showed weakness during the week, meaning that the EUR/USD exchange rate has so far managed only to consolidate sideways. The dollar has entered a correction phase, but the euro has also shown weakness this week, so the EUR/USD exchange rate has so far only been able to correct within a sideways range. However, the pound has strengthened against the dollar, which means there may still be room for an uptrend within the broad range. The forint remained strong against its major counterparts. Against the euro, it may trade within a narrower range. Against the dollar, however, it reached its first target level, below which it began to consolidate. The USD/JPY exchange rate closed above its downtrend line, but still shows no signs of strength. The EUR/CHF, in a strong retest, broke below the key support level—which is not a good sign, as it should have bounced off that key level.
Gold and silver prices continue to follow a downward trend, although the downward momentum is now much weaker than before. As long as the trend lines defining the decline are not broken, a sustained reversal cannot be expected. The price of oil has reached the 100 level, which serves as an important resistance level; however, it has remained in an uptrend for the time being. Natural gas prices, on the other hand, have broken their uptrend. Copper is stuck in a wider trading range, so the oversold and overbought zones may offer more favorable trading opportunities. In the case of wheat and corn, however, key levels have been breached that would have been essential to maintain in order for long-side entry opportunities to remain valid.
There has been no change in the downward trend; the price is consolidating below the natural level of 4,218, which is why it is not showing a buy signal. A new swing low could also appear below 4,062. As long as it remains below the thick red trendline, it’s worth waiting for a reversal. A new low is also possible, with strong support expected around 3,906.
Resistance levels: 4,688; 4,843; 4,923; 5,000.
Support levels: 4,062; 3,906; 3,750.
A drop below 62.5 was, in fact, no longer a correction but rather a trend-like decline. It’s worth keeping an eye on the red dotted line; a break below it could serve as a buy signal later on. The price could also test the 56.25 or 50 levels.
Resistance levels: 75; 81.25; 87.5; 93.75; 100.
Support levels: 53.13; 50.
The 100 level is now considered a resistance level; if the price remains below it, there could even be room for a short-term decline. However, if it closes above it, a new high is possible. A break above the red dotted downtrend line could signal a buy opportunity again. A close below 93.75 could trigger a decline.
Resistance levels: 106,25; 112,5; 118.75; 125.
Support levels: 87,5; 81.25; 75.
The mild uptrend has broken down, so the pattern is no longer suitable for buying. During the uptrend, the previous swing low may be retested. It’s worth keeping an eye on the red downtrend line.
Resistance levels: 3.516; 3.906; 4.688; 6.25; 7.04; 7.81.
Support levels: 3.125; 2.714; 2.344; 1.953.
The stock has been trading in a range for nearly three months. A minor contraction pattern has emerged, but it does not suggest the potential for a significant breakout. For now, a wait-and-see approach is recommended. Strong resistance is located around 7.04, while a more substantial support zone can be found between 5.85 and 6.04, which may already represent an attractive buying area. Trading opportunities may arise when the stock reaches overbought or oversold levels.
Resistance levels: 7.03; 7.81
Support levels: 6.25; 6.04; 5.85; 5.66; 5.46; 5.27.
The correction broke through the 656 level, which was the support zone that should not have been crossed in order for the uptrend to continue. A strong reversal day could turn the decline around, but the price has fallen too far for it to be worth looking to go long.
Resistance levels: 781; 813.
Support levels: 656; 625; 562; 531; 516; 500.
This asset is also in a correction phase, but it has fallen much further than it should have to remain in the long-term trend. The drop to 468 is not a good sign; it has opened up room for further declines. Levels such as 437 or 406 could come into play. A close above the red trendline later on could signal a long position, but that’s still a long way off.
Resistance levels: 531.2; 563.
Support levels: 437; 406.
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