Technical analysis USA.30 for 24.05.2024

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 support is the level 38900. The closest resistance is the level 39300

Key levels

• 39800, 39300, 38900, 38500, 38000

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 38900, with Take Profit of 38500 and Stop Loss of 39300

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 39300, with Take Profit of 39800 and Stop Loss of 38900