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Dow Trading Strategy for 13th November 2024Dow Trading Strategy: Buy Above 44,300 / Sell Below 44,030 Current Price: 44,025.00 USD Key Levels: Buy Signal: If the price closes above 44,300 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 44,030 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 44,025.00 USD, just below the sell signal level. The market is showing signs of bearish momentum, but it's important to monitor the price closely, especially around the 44,000 to 44,100 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 44,300 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 44,500 and 44,600. Sell: If the price breaks below 44,030 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 43,900 and 43,800. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
BLACKBULL:DJ30.F
by ramkkyy
Dow Futures Trading Strategy 12th November 2024Dow Futures Trading Strategy: Buy Above 44,475 / Sell Below 44,260 Current Price: 44,388.00 USD Key Levels: Buy Signal: If the price closes above 44,475 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 44,260 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 44,388.00 USD, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 44,300 to 44,400 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 44,475 on the one-hour candle close, consider entering long positions with targets at 44,600 and 44,700. Sell: If the price breaks below 44,260 on the one-hour candle close, consider short positions with targets at 44,100 and 44,000. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
BLACKBULL:DJ30.F
by ramkkyy
DJI - Dow Jones Industrial Index by KRS Charts 16th October / 6:58 PM IST What is next possible Move for DJI ❓Technically. 1️⃣ As we can see, DJI is in HHs and HLs upside trend. With recent high small Flag Target is achieved so profit booking is expected. ✅ 2️⃣ Along with it, Index is above 100EMA again bullish trend it confirms. View wise Market is Bullish and new upside Target can unlock after its breakout from above Red Resistance zone as we can see in Chart. 3️⃣ In case of correction all the supports are marked in Charts will possibly help market to Bounce back from those levels. 4️⃣ Despite of all lower support my view on DJI will stay Bullish until it will break Green Support Zones and stay underneath of 100 EMA ⚠️⚠️
TVC:DJI
by KRSCharts
2
US 30/ Dow Jones 1D Trade Setup - The US Index is currently trading on its All-Time High - From a Trade Perspective, I would like to wait and watch out what the FED delivers in the FOMC statement - The rate-cut bets are now fading away and making it look tough for traders that the FED will cut rates - Inflation is currently sitting at 3.4% - Cutting rates fundamentally doesn't look feasible as long as the FED doesn't achieve its target of 2%. We can see a mid-cool-off when FED achieves 2.5% once cut and maybe aggressive hikes post that along with some pause - From a Trading Perspective, I would like to wait for a liquidity grab and then execute orders depending on the price action - The inefficiencies currently look a little untapped, once the price taps it, I will start looking for longs - DOL on this still needs to be tapped before you look for long - Shorts on a scalp basis are preferable but don't swing short in a bull market
UShort
by VKtradesimbalance
CRUCIAL NFP DATA AHEAD!!!Market are betting on fed rates in today mainly. If NFP comes stronger than expected, markets might plunge giving fed signal to raise interest as economy is healthy. However of it comes weak, markets will speculate fed might slow down rates. US Dollar Index could rebound towards the 114.80 high. During last OPEC meet on Wednesday OPEC decided in its first one-on-one meeting since 2020 to cut production by up to 2 million barrels per day from November. Oil prices have fallen to around $90 a barrel from $120 in early June, amid growing fears of the prospect of a global economic recession. However, still not knowing how long will it last and with what intensity, predictions are useless for now. On the other side US opposes such a move, as OPEC keeps oil prices high, resulting in inflationary pressures on consumers and production costs. More specifically, President Biden is disappointed by OPEC's short-sighted decision to reduce production quotas while the global economy deals with the continuing negative effects of Putin's invasion of Ukraine. At a time when maintaining global energy, supplies are of the most importance, this decision will have the most negative impact on low- and middle-income countries that are already struggling with high energy prices. At Biden's direction, the Energy Department will release another 10 million barrels from the Strategic Petroleum Reserve into the market next month. As per opinion looking at the history US do not have a tendency to remain quiet after this big opposing move however based on current situation they not declare straight economic wars against each other however the COLD WAR has already been started and rumours are coming that all the upcoming moves from US are taken under the same considerations, now the Big question arises here is today's NFP will really be based on country's conditions or the it will be based on the Running conflict between other countries, Let's wait for few more hours and we have our answers, For more details and further discussion on this matter even on any other market knowledge feel free to DM us...
TVC:DXY
by FiscalAutonomy