Market Analysis of US100 on Tuesday 4 JANUARY 2024

2025-02-04 18:09Source:BtcDana

 US100 TECHNICAL ANALYSIS SHORT TERM VIEW    


US100 trend is negative and its strong resistance area is 21219 to 21300 level . Stop loss is 21450 level and it can continue its downtrend towards 20846 level or lower levels in short term . Intraday purpose selling is better with stop loss 21450 expecting targets 20170,21140 and 21100 respectively .


QUICK FUNDAMENTAL LOOK


Wall Street was set to drop at the open on Monday as fears of a full-blown trade war and its impact on the global economy jolted markets around the world after President Donald Trump levied steep tariffs on Mexico, Canada and China.


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

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