US30 needs new negative momentum
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Dow Jones 4H NEW FORECAST
Index price analysis
The index price lost positive momentum as a result of the Stochastic indicator’s attempt to exit the oversold level.
The price remains above 37710, which constitutes additional support.
Predictions for index trading
The price was affected by a state of instability, with trading restricted between the current support and the 38250 level.
Possibility of resuming the negative attack if the support level at 37710 is broken.
Targeting new stations in case the price breaks the support level, they may start from 37550 and 37295, respectively.
The expected trading range is between 38250 and 37710 .
Dow Jones 4H NEW FORECAST
Index price analysis
The index price lost positive momentum as a result of the Stochastic indicator’s attempt to exit the oversold level.
The price remains above 37710, which constitutes additional support.
Predictions for index trading
The price was affected by a state of instability, with trading restricted between the current support and the 38250 level.
Possibility of resuming the negative attack if the support level at 37710 is broken.
Targeting new stations in case the price breaks the support level, they may start from 37550 and 37295, respectively.
The expected trading range is between 38250 and 37710 .
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