US30
New forecast
The index price rose and renewed its positive attempts by rushing towards 35494 yesterday, trying to get rid of the effect of the downward corrective path and move to the next positive stage. The price is required to provide a new positive close above the 35494 level in order to soon target the 35650 level, reaching the recently achieved peak that is stable at approximately 35870.
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up , but to confirm the bullish trend should stable above 35494 level and then our targets will be active , taking into account that failure to stabilized above 35494 will force the price to drop again and visit to previous broken areas .
The expect range trading for today it will be between the resistance line 35650 and support line 35400 until stabilized .
Additionally Today ,New York sessions will affect on the Indices .
support line : 35400 , 35257
resistance line : 35494 , 35650
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