US Wall Street 30 (US30USD) Makes Further Upward Move, May Reach Level 32444.0

US Wall Street 30 (US30USD) Makes Further Upward Move, May Reach Level 32444.0

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 (US30USD) Long-term Trends: Bullish. The first uptrend was resisted at level 30000. The index retraced to level 28900 and resumed a fresh uptrend. A retest of level 30000 is likely. The index will further rise if the resistance is breached.

US30USD – Daily Chart

Daily Chart Indicators Reading:
The 21-day and the 50-day SMA are sloping upward. The price has risen to level 66 of the RSI period 14. The market is in an uptrend zone and it is above the centerline 50.

US Wall Street 30 (US30USD) Medium-term Trend: Bullish
On the 4-hour chart, the index is on an upward move. On November 9 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. This indicates that the index will rise and reach a level of 2.618 Fibonacci extensions. That is the index will reach level 32444.0.

US30USD – 4 hour Chart

4-hour Chart Indicators Reading
US30USD is above the 65 % range of the daily stochastic. This indicates that the market is in a bullish momentum. The SMAs are sloping upward indicating the previous uptrend.

General Outlook for US Wall Street 30 (US30USD)
US30USD index has been in an upward move since October 31. According to the Fibonacci tool, the index will rise and reach level 2.618 Fibonacci extension or 29073.90.



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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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.