US30 in rebounding mode

28 de fev. de 2022

Hello traders & readers,



US30 in the last trading week had been volatized heavily by broken down the 33K points price levels and made a lows at 32,217 points; it has been rebounding in the last trading session of last week, and bounced back to 34K points price handle. More details about the TA for US30 Check our previous post for US30 here.

Some important key points for this trading week to keep watching:

as in rebounding mode, US30 broken up the 34K points price handle, support zone is in a range from 33,560 points to 33,800 points to expect;

target zone for a possible up swing will still be seen at 35K points zone for this week, hence we prefer to go long for this bounce, so go long by every pullback to mentioned support areas, target max 35K points temporary;

not prefer to short in the short term, as US30 already touched its lows swing, hence investors are attempting to recover last losses currently.

Take your look at the chart for more details.

Trade well!
TS