BIST 100 Technical Indicators Mark Critical Drop on August 12 and Eye 14,000 Target

BIST 100 closed at 13,704.52 on August 12, registering a 107-point decline, signaling a turn to bearish technical signals.

Deep Dive into Technical Signals

■A 107‑point drop highlights heightened daily volatility.

■The index sits just below its 60‑day moving average at 13,704.

■The 14,000 level emerges as a short‑term target and doubles as a resistance band above the 60‑day MA.

■TL‑based pivot is set at 13,685, with upside targets at 13,810, 13,920, and 14,045.

The Weight of U.S. CPI on Market Direction

■U.S. CPI data for July is due today; its impact on Fed expectations will indirectly steer BIST 100.

■A positive inflation surprise could revitalize risk appetite, potentially sparking a rally toward 14,000.

■A negative surprise would likely trigger cautious selling, pulling the index toward support levels around 13,580 and 13,455.

Critical Levels in TL and Dollar Terms

■Dollar‑based resistance: 290.0, 292.3, 294.9

■Dollar‑based support: 285.1, 282.5, 280.3

■TL‑based key supports: 13,580, 13,455, 13,345

Markets are closely watching the directional cue from the U.S. CPI release. A reading above expectations makes a breach of 14,000 plausible; a downside surprise could see the index tested at 13,580 and below. Technically, the 60‑day moving average and Fibonacci retracement zones will be decisive in confirming the trend.