US 30 TECHNICAL ANALYSIS SHORT TERM VIEW
US 30 has strong support 34083 TO 34706 levels as immediate support .It has made double zigzag correction from top and its main target is 35694 level as shown in graph . Trend is positive so buying can be done with stop loss 34020 expecting 34700, 34800and 35000 levels final target intraday purpose.It has changed the trend and now trend is positive and it can directly rally for main target 35694 level without touch 34020 level.Final stop loss for overall trend is 33563 level.
QUICK FUNDAMENTAL LOOK
The Dow Jones was trading nealy 100 points lower on Tuesday afternoon, pressured by higher crude oil prices and concerns about the global economy growth following PMI for China pointed to slowest expansion in China’s services output in eight months.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.