US30 (Temporarily Bearish)
Hello everyone,
Dow Jones 4H NEW FORECAST
The index price has not moved anything since yesterday's trading by presenting new sideways trades near 35428, affected by the continued conflict of the main indicators, thus maintaining its stability below the barrier centered at 35500.
The scenario for the current period depends on the strength of the previously mentioned barrier. We expect that with its stability, the price will start forming some bearish corrective trades, targeting the level of 35220, reaching the initial stable support at 35100, while the rush of trading above the barrier and presenting the price to a positive close will open the door for it to record new gains that may start from 35680. and 35840 respectively.
Resistance prices: 35500 & 35680 & 35840
Support prices: 35220 & 35100 & 34870
The expected general trend for today: is temporarily bearish
Hello everyone,
Dow Jones 4H NEW FORECAST
The index price has not moved anything since yesterday's trading by presenting new sideways trades near 35428, affected by the continued conflict of the main indicators, thus maintaining its stability below the barrier centered at 35500.
The scenario for the current period depends on the strength of the previously mentioned barrier. We expect that with its stability, the price will start forming some bearish corrective trades, targeting the level of 35220, reaching the initial stable support at 35100, while the rush of trading above the barrier and presenting the price to a positive close will open the door for it to record new gains that may start from 35680. and 35840 respectively.
Resistance prices: 35500 & 35680 & 35840
Support prices: 35220 & 35100 & 34870
The expected general trend for today: is temporarily bearish
