Technical analysis USA.30 for 17.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 35630. The closest resistance is the level 35940

Key levels

• 36950, 36640, 36445, 36130, 35940, 35630, 35370, 35000

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 35940 and Stop Loss of 36130

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 36130, with Take Profit of 36445 and Stop Loss of 35940