US30 hovers near major resistance

4:52 PM November 24, 2022

Cash session on Wall Street did not take place today as investors from the US are celebrating Thanksgiving day, however futures markets will continue to trade until 6:00 pm GMT. Despite thinner liquidity conditions US30 inches higher and oscillates near 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 recent momentum and break above this level, then the road towards next resistance at 35100 pts will be left open. Nevertheless given lack of any major catalysts, another downward impulse towards major support at 33700 pts cannot be ruled out.

US30, D1 interval. Source: xStation5

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