Technical analysis USA.30 for 02.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 42000. The closest resistance is the level 42300

Key levels

• 42500, 42300, 42000, 41850, 41650

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 42000, with Take Profit of 42300 and Stop Loss of 41850

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 41850, with Take Profit of 41650 and Stop Loss of 42000