Technical analysis USA.30 for 02.07.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 39100. The closest resistance is the level 39300

Key levels

• 39400, 39300, 39100, 39000, 38800

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 39100, with Take Profit of 39300 and Stop Loss of 39000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 39000, with Take Profit of 38800 and Stop Loss of 39100