Technical analysis USA.30 for 06.07.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument consolidates at the bottom of the cloud. The closest support is the level 30835. The closest resistance is the level 31015

Key levels

• 31735, 3139, 31250, 31015, 30835, 30520, 30300

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 30835, with Take Profit of 30520 and Stop Loss of 31015

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 31015, with Take Profit of 31250 and Stop Loss of 30835