SroshMayi

US30 (Still Continue or...)

Short
EIGHTCAP:US30   Dow Jones Industrial Average Index
US30 New Forecast

As predicted, the price has declined to meet our target set yesterday. Today, the Producer Price Index (PPI) is poised to significantly impact the indices market, with forecasts indicating a negative outlook.

Should the price remain below 38,385, it is expected to persist in its bearish trajectory towards 38,110, and upon breaching this level, aim for the subsequent target at 37,800. Conversely, if the PPI results are less dire than anticipated, it could bolster a bullish trend, pushing the price towards 38,565.


Pivot line: 38385
Resistance Prices: 38565 & 38750 & 39000
Support Prices: 38120 & 37800 & 37500

The movement range will be between support 37790 and Resistance 38565

Tendency: Downward

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