Technical analysis USA.30 for 12.01.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 38100.00. The closest support is the level 36900.00

Key levels

• 39010.00, 38550.00, 38100.00, 36900.00, 36415.00, 35490.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 38100.00, with Take Profit of 38550.00 and Stop Loss of 37550.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 36900.00, with Take Profit of 36415.00 and Stop Loss of 37550.00