US30 enters a temporary hibernation

24 нояб. 2023 г.

Hello everyone, The index price confirmed its entry into a temporary sideways slumber by submitting repeated closings near the 35335 level, trying to counter the negativity of the Stochastic indicator, which is currently stable below the 50 level, which in turn contradicts the general stability within the upward path, relying on the continued formation of the 35100 level for additional support.



We will continue to wait for the price to succeed in gathering positive momentum to enable it to reach the next main target stable at 35490, and then we will monitor its behavior due to the importance of this barrier by determining the expected targets for the upcoming trades.

The general trend expected for today: Bullish