Spreads
Spreads
Spreads
Spreads
Spreads
USOUSD posted a weekly decline of 4.38% as volatile trading and recession fears overshadowed a fundamentally tight supply.
USOUSD tried to move higher in the last two days of last week but could not cover the previous days’ losses. USOUSD got rejected by the 200-day Moving Average, so the price tends to move higher.
With the stochastic indicator showing a higher movement, we can expect that the USOUSD will move to our Resistance Levels.
Our Daily Resistance levels at 107.06 and 109.64, with the Support levels at 94.79 and 92.60.
In the H4 timeframe, we can see that the price is moving near our Resistance levels and the 50-candle Moving Average. Stochastic indicators are also higher but near the overbought level, which may stall the higher movement in the short term.
Our H4 Resistance levels are at 105.02 and 103.10, with the Support levels at 99.22 and 95.71.
NAS100 closed higher by 4.7% last week as traders were convinced that the US Federal Reserve could avoid recession, breaking some key point resistance levels.
This week, we expect some stall in NAS100 as our stochastic indicators show an overbought level in the daily timeframe. There’s a possibility of a lower reversal, with price movement above the 20-day Moving Average but below the 50 and 200-day Moving Averages.
Our Daily Resistance levels are at 12255 and 12712, with the Support levels at 11818 and 11703.
In our H4 timeframe, we can see that our stochastic indicators show a stronger movement and slightly higher before the reversal, with price movement below 20, 50, and 200-candle Moving Averages.
Our H4 Resistance levels are at 12195 and 12319, while the Support levels are at 11982 and 11930.
DJ30 closed higher by 2% last week as traders were convinced that the US Federal Reserve could avoid recession, breaking some key point resistance levels.
This week, we expect some stall in DJ30 as our stochastic indicators show an overbought level in the daily timeframe. There’s a possibility of a lower reversal, with price movement above the 20-day Moving Average but below the 50 and 200-day Moving Averages.
Our Daily Resistance levels are at 31882 and 32694, with the Support levels at 30767 and 30401.
In our H4 timeframe, we can see that our stochastic indicators show a weaker movement. We expect that DJ30 will move lower, with price movement below the 200-candle Moving Average but above the 20 and 50-candle Moving Averages.
Our H4 Resistance levels are at 31483 and 31636, while the Support levels are at 31177 and 31072.
