Technical analysis USA.30 for 04.10.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 33140.00. The closest support is the level 32745.00

Key levels

• 33530.00, 33320.00, 33140.00, 32745.00, 32510.00, 32300.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 33140.00, with Take Profit of 33320.00 and Stop Loss of 32950.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 32745.00, with Take Profit of 32510.00 and Stop Loss of 32950.00