Technical analysis USA.30 for 16.05.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 39800. The closest resistance is the level 40000

Key levels

• 40150, 40000, 39800, 39700, 39500

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 40000 and Stop Loss of 39800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 39700, with Take Profit of 39500 and Stop Loss of 39750