Technical analysis USA.30 for 03.06.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 38700. The closest resistance is the level 38900

Key levels

• 39350, 39100, 38900, 38700, 38500, 38300

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 38900, with Take Profit of 38700 and Stop Loss of 39100

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 39100, with Take Profit of 39350 and Stop Loss of 38900