Technical analysis USA.30 for 29.05.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 support is the level 38700. The closest resistance is the level 39000

Key levels

• 39700, 39300, 39000, 38700, 38400

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 38700, with Take Profit of 38400 and Stop Loss of 39000

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 39000, with Take Profit of 39300 and Stop Loss of 38700