Technical analysis USA.30 for 16.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 30406.80. The closest support is the level 29560.30

Key levels

• 31465.50, 30827.90, 30406.80, 29560.30, 29038.40, 28671.70

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 30406.80, with Take Profit of 30827.90 and Stop Loss of 29950.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 29560.30, with Take Profit of 29038.40 and Stop Loss of 29950.00