Stock Market
Kremlin's War Aftermath Stance: BIST 100 Faces Percentage Drop Risk at Fibonacci Resistance Levels
724FinanceCaner Yılmaz

Russia's declaration of no near-term hope for restarting peace talks has forced markets to reassess post-war transformation expectations. The BIST 100 is showing strong resistance at its 200-day Fibonacci level of 105.000, with technical analysis indicating a 12-15% drop risk for 2024 Q1. Ichimoku clouds are reinforcing Red (bearish) signals, while the Turkish Lira is facing a new decline at 30%. Gold and commodities sectors are seeing a 5-8% retreat, and concerns over Russia's energy export cuts have pushed World Oil Prices to $120/barrel. Market makers are factoring in a 10% rebound risk if the BIST 100 drops to 100.000.
Markets are now pricing in a potential 20% drop in the BIST 100 if Russia escalates its military campaign. Moving averages (50-200 day) suggest BIST 100 has formed a new support level at 102.500, while Tesla and Nvidia are down 15-20%. The Kremlin's stance is also raising Crypto Market Collapse risks unseen since 2023, with Bitcoin and Ethereum facing strong resistance at $25,000 and $1,800 respectively.