Us Wall Street 30 Continues Its Fluctuations below Level 24600

Key Resistance Zones: 28500, 29000, 29500
Key Support Zones: 26000, 25500, 25000

US Wall Street 30 (US30USD) Long-term Trends: Bullish
US Wall Street 30 index is in an ascending channel. Since April 29, the upward move has been interrupted by the resistance at level 24600. The index will rise above level 25000 if the resistance is broken. The market will continue its range bound movement if the resistance remains unbroken.

US30USD – Daily Chart

Daily Chart Indicators Reading:
The SMAs have a bullish crossover as the 21-day crosses over the 50-day SMA indicating an upward move. The price has risen to level 55 of the RSI period 14. The market is in an uptrend zone and it is above the centerline 50. The index has bullish signals.

US Wall Street 30 (US30USD) Medium-term Trend: Bullish
On the 4-hour chart, the index is in an ascending channel. The price action is characterized by small body candlesticks like the Doji and Spinning tops. Since on May 10, the market has been trading below level 24600. The bulls will be repelled each time the market reaches the resistance at level 24600. The price is approaching the overhead resistance. The index will reach a high of 24800 if the current resistance is broken. Otherwise, the fluctuation will continue.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is now above 40 % range of the daily stochastic. This indicates that the market is in a bullish momentum. The SMAs are sloping upward indicating the uptrend.

General Outlook for US Wall Street 30 (US30USD)
US30USD index is fluctuating below the resistance at 24600. The current resistance is yet to be broken since April 30 as the market continues its range-bound movement.


Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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