Market Analysis of US30 on Thursday 26 October 2023

2023-10-26 17:28Fonte:BtcDana

US30 TECHNICAL ANALYSIS SHORT TERM VIEW      

 US30 is running in downtrend and its trend is negative and its resistance area is 33192 to 33373 and overall final stop loss 33520 level.It can decline below 32820 level in form of wave 5 as shown in graph.Intraday purpose we can sell it at present levels with stop loss 33520 for 32880,32825 and 32780 targets respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

Wall Street tumbled on Wednesday as Alphabet shares slid after Google's parent posted disappointing earnings and U.S. Treasury yields rose, reviving fears that interest rates could stay higher for longer.

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

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