US30 l DAILY l OUTLOOK

DAILY TAKEAWAYS:

Last weeks TA played out perfectly.

1. Broke two BOS @ 31550 & 32650
2. Broke out of descending channel
3. Broke though major key level zone 32100 - 32450.

Looking at what we see now. (4 HR)

1. US30 rejected off bottom of major zone 33350 - 33650.
2. US30 broke through 200 MA which could potentially change trend if a bounce retest is made.
3. If we continue to push bullish there is a major BOS @ 34050 that has acted as a rejection / resistance zone.
4. Viewing top MACD indicator it is the first time in months we have been above the 200 level.


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