US30 Is Bullish! Buy!

Please, check our technical outlook for US30.

Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 37667.71.

Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 38367.61 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

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Trade closed: target reached:

That was an excellent trade and the target was reached too!