US30 Intra-Week Analysis June 21st

2022年6月21日

Last week us30 created another new low coming down to retest 29600 which are pre-pandemic highs and key level for price. We ended the week within the 30200-28800 range and demand zone failing to breakout in either direction. This week we've already began breaking out above 30200 and coming up to test 30400 key level. Our overall bias is still bearish on us30 especially with the potential for a 75 BPS rate hike in July. Until those economic factors are priced in we can expect to see a push to 31k if we break above 30500 or even continued bearish momentum to 32600 if we break above 31k.