6 July 2023 Market Analysis For US30

2023-07-06 12:29Source:BtcDana

US 30 TECHNICAL ANALYSIS SHORT TERM VIEW    

 It is running in positive  trend and it has made irregular correction at 34570 level  as marked by abc pattern on upside. So it can sharply jump above 34570  level .  Trend reversal  stop loss is 34035 and minimum target is 34570.Trend is upward and calculation are in continuation of trend so better to buy with strict stop loss for upside target 34570 towards.Near support as marked in graph 34139 to 34266 .

 QUICK FUNDAMENTAL LOOK                                                                   

US Stocks Close Edge Lower Following FOMC Minutes,Dow Jones dropping 110 points and the S&P 500 edging down by 0.2% as markets digested further trade barriers from China, oil output cuts by OPEC+ members.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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