US100 Reaches a Major Supply Level

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – February 12

US100 has reached the major supply level of 12864.0. The bulls are facing resistance pushing through the zone.

US100 Key Levels

Demand Levels: 11324.0, 10691.0, 10347.0
Supply Levels: 12864.0, 13703.0, 15270.0

US100 Reaches a Major Supply Level

US100 Long-term trend: Bullish

US100 experienced multiple long-term downtrends in 2022.
The first of the bearish swings started in April. It was initiated after the Stochastic indicated the market was overbought. The selling trend was further confirmed by the cross of the Moving Averages (MA) of Periods 9 and 21 on the daily chart. The MA Period 9 (orange) took a u-turn and swerved below the MA Period 21 (green) which followed suit. The price declined steadily until the demand level of 11324.0 was reached.

The bulls took their turn after the cross of the Moving Averages in July. The price increased to the major supply level of 13703.0. The buyers got exhausted in August and gave way to the sellers. The second wave was delivered instantly without consolidation at the 13703.0 supply level. The price declined to $10691.0 in October. The trend changed in December, but the Bulls could not go far. In January, the Stochastic and the RSI (Relative Strength Index) showed the market was ready for a takeoff. The third test of the demand level of 10691.0 provided sufficient support to shoot the price higher.

US100 Reaches a Major Supply Level

US 100 Short-term Trend: Bearish

The market has ascended to $12864.0. The Bears are defending the supply level. On the 4-hour timeframe, a bearish shift in market structure is noticed. The market has declined to a bullish order block marked out on the daily chart. The buyers are currently willing to utilize the order block to pass through the resistance level at 12864.0.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade 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.

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.