US30 attacks the psychological barrier
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US30 4H NEW FORECAST
The index price succeeded in confirming the bullish scenario by surpassing yesterday the resistance of the stable ascending channel near 39640 , to notice the formation of a strong upward impulse, thus stabilizing above the psychological barrier represented by the 40000 level.
The price may currently be forced to form some mixed sideways trades, but the combination of presenting the main indicators of positive momentum will increase the chances of the price activating a new upward impulse, so we expect it to achieve new historical gains starting from 40260 and 40450, respectively.
Timeframe: 4H
US30 4H NEW FORECAST
The index price succeeded in confirming the bullish scenario by surpassing yesterday the resistance of the stable ascending channel near 39640 , to notice the formation of a strong upward impulse, thus stabilizing above the psychological barrier represented by the 40000 level.
The price may currently be forced to form some mixed sideways trades, but the combination of presenting the main indicators of positive momentum will increase the chances of the price activating a new upward impulse, so we expect it to achieve new historical gains starting from 40260 and 40450, respectively.
Timeframe: 4H
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