Surpassing the 14,250 threshold on Borsa Istanbul strengthened the technical outlook
While market activity continues, experts state that with the surpassing of critical thresholds, new peak targets may come to the agenda.
While leaving behind the 14,250 level on Borsa Istanbul positively supports the technical outlook, experts shared the critical levels that need to be monitored for new peak targets.
Critical Threshold Surpassed in the Market
Surpassing the 14,250 level, which has been monitored for some time and stands as an important resistance on Borsa Istanbul, enabled the technical outlook in the market to improve. With this development, the movement in the index gained momentum.
Central Bank and Global Impacts
The Central Bank's reduction of funding costs and its announcement that it will restart repo auctions were met positively in banking stocks. The withdrawal in oil prices in global markets was also among the elements supporting the market.
New Targets and Resistances
Experts state that if the 14,250 to 14,500 band is maintained, upward movements may continue. In the short term, the 14,800 and 14,875 levels are being monitored as resistance.
Important Conditions for the Rise
For the medium-term upward trend to gain strength, risks need to decrease, the decline in oil prices needs to continue, and the Central Bank needs to begin interest rate cuts compatible with the disinflation process.