Technical analysis USA.30 for 11.07.2022

The Tenkan-sen line is located above 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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 31015. The closest resistance is the level 31250

Key levels

• 31735, 31390, 31250, 31015, 30835, 30520, 30300

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 31015 and Stop Loss of 31390

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 31390, with Take Profit of 31735 and Stop Loss of 31250