Despite thinner liquidity conditions US30 kept moving higher and bulls managed to break major resistance at 34330 pts, where August 2022 highs are located. This level is marked with an upper limit of the 1:1 structure and previous price reactions. If buyers manage to uphold current momentum after the weekend, then upward move may accelerate towards next resistance at 35100 pts. Nevertheless the outlook for growth and monetary policy is uncertain, therefore another downward impulse towards major support at 33700 pts cannot be ruled out.
US30, D1 interval. Source: xStation5
Daily summary: Weak US data drags markets down, precious metals under pressure again!
US Open: Wall Street rises despite weak retail sales
US2000 near record levels 🗽 What does NFIB data show?
Chart of the day 🗽 US100 rebound continues as US earnings season delivers