US30 is fluctuating near support
Hello everyone,
Dow Jones 4H NEW FORECAST
The index price is still affected by the instantaneous negativity of the Stochastic indicator, forcing it to present a new sideways fluctuation as it stabilizes near the support represented by the level of 39559 . The scenario for nearby trading depends on the strength of the current support so that we expect the price to renew its upward attempts with its stability, thus targeting the level of 40000 and then trying to penetrate the historical peak stable at 40315.
While the price was subjected to new negative pressures and crept below the current support, it will initiate a bearish corrective path, let us wait for it to target the 39285 level and then try to test the additional support centered at 39092
Dow Jones 4H NEW FORECAST
The index price is still affected by the instantaneous negativity of the Stochastic indicator, forcing it to present a new sideways fluctuation as it stabilizes near the support represented by the level of 39559 . The scenario for nearby trading depends on the strength of the current support so that we expect the price to renew its upward attempts with its stability, thus targeting the level of 40000 and then trying to penetrate the historical peak stable at 40315.
While the price was subjected to new negative pressures and crept below the current support, it will initiate a bearish corrective path, let us wait for it to target the 39285 level and then try to test the additional support centered at 39092
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