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US30 highest since mid-August

5:52 PM 25 November 2022

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

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