US30
New forecast
US stock index futures witnessed positive performance in trading before the opening of the last sessions of the week, today, Friday. This applies to all major US stock indices, awaiting the release of US data and it will decide where the direction will be goes.
Technical abstract :
There is no change in the downward path of the index price, as it presents repeated closings below the additional barrier represented by the 33251 level. We notice that it is currently forming a sideways fluctuation near the region, trying to gather more negative momentum to enable it to resume the decline and target new levels that may start from 32890 and reach about 32700 in the medium-term trading.
Therefore the downtrend scenario will be remain valid and effective supported by resistance zone near to the price ,taking into account that stabilized above 33251 will postponed the bearish trend
The expect range trading for today it will be between the resistance line 33251 and support line 32890 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
Additionally , Today news will affect on the market and it will have a lot of volatility so be care.
support line : 32890 , 32700
resistance line : 33251 , 33452
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
US stock index futures witnessed positive performance in trading before the opening of the last sessions of the week, today, Friday. This applies to all major US stock indices, awaiting the release of US data and it will decide where the direction will be goes.
Technical abstract :
There is no change in the downward path of the index price, as it presents repeated closings below the additional barrier represented by the 33251 level. We notice that it is currently forming a sideways fluctuation near the region, trying to gather more negative momentum to enable it to resume the decline and target new levels that may start from 32890 and reach about 32700 in the medium-term trading.
Therefore the downtrend scenario will be remain valid and effective supported by resistance zone near to the price ,taking into account that stabilized above 33251 will postponed the bearish trend
The expect range trading for today it will be between the resistance line 33251 and support line 32890 until stabilized .
Additionally ,Today New York sessions will affect on the Indices .
Additionally , Today news will affect on the market and it will have a lot of volatility so be care.
support line : 32890 , 32700
resistance line : 33251 , 33452
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
US30
UPDATE
The price perfectly fulfills my last idea and price reached to our first target + 265pip.
UPDATE
The price perfectly fulfills my last idea and price reached to our first target + 265pip.
