US30 has recovered today on trading war softening stance, and rising shares in technology sector. Knowing that we are at the end of month and heading towards Easter Holidays we may see pause in the move, and also from technical perspective the US30 still looks bearish, the MACD confirms it on a 1D chart and also the trading volume is lower than expected to be. As we are heading towards 242333 important resistance, point form a confluence of resistance and support trend line we may see more bears appearing. If the border at the level mentioned is broken we look towards 24600. At the moment price in range between support 23970 and 24233 resistance. At the beginning of the new month we may see again higher volatility as we expect high risk economic data releases.
--------------------------------------------------------------------------------------------------------
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice.
--------------------------------------------------------------------------------------------------------
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice.
Note
-"As we are heading towards (242333) it is 24233 important resistance"-Note
Price moved as shown in the original comment, now sliding even more, as tech was leading yesterday, today it crushed with vengeance. Price low at 23720! Caution!
The Trade Academy R&D Team
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The Trade Academy R&D Team
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.