ICE-Forex

Turkey Stock Exchange Future

Long
BIST:XU100   Indice BIST 100
Economic Assessment
America decided to impose sanctions.
It was founded two new political parties in Turkey.
The fact that these two new parties are pushing the government and voicing the possibility of early elections will put down the stock market.
But not everything is bad,the bottom turn signals came from economic indicators.
I think we left the worst behind.But the government does not and will not seem to do structural reforms.
Ali Babacan, who founded a new party, is an economist, a person of democratic personality, educated in Europe.
I think, very much like Özal will ramp up the economy and turkey.
Technical Analysis
We are see big bap bottom of the price graphic.
Turkish stock exchange is following yellow trend line.If the time is going, when gap close because price is trying new peak.
If the price fall down, that will make handle-cup formation.
You can try buy between 80k-90k and sell 110k-120k.
But long-time target is 150k-160k.

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