Technical analysis USA.30 for 05.01.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 36579. The closest resistance is the level 37089

Key levels

• 37688, 37089, 36579, 36118, 35603, 35210, 34700, 34159, 33529

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 37089 and Stop Loss of 36579

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 36579, with Take Profit of 36118 and Stop Loss of 36900