Özet:

Technical analysis is one of the most interesting and challenging topics in recent financial science. In addition, its one of the most common methods that investors use, to make investment decisions .This study evaluates the profitability of technical analysis indicators in obtaining abnormal returns using ten technical indicators as trading rules. Therefore, trading signal returns done by these ten rules have been evaluated. In This study, abnormal returns are the difference between indicators returns and average return of risk free interest rate over set period. Sample prices data Include Copper, Palladium, Oil, Gold, Silver, Wheat, Sugar and Dollar Index “between 2008 to 2013”by referring to transaction costs. We next rely on T-TEST to evaluate their Returns, ANOVA to compare Returns and Pearson Correlation experiments to find indicators Correlation. The results revealed the positive returns according to technical analysis indicators. According to the results, STO, RSI, CCI, SMA, MFI, in sequence have more returns and all their returns were more than London Interbank Offered Rate.

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