US30

20 בנוב׳ 2020

We are in consolidation between resistance level 29520 & support level 29227. A solid break through resistance and we will head towards 29637 and possibly back to a new high however, a break below support level we might find a rejection on the trend line. A break away from the trendline and we will most likely be heading for support levels 28900. Fundamentals are in control. With the potential approval of a vaccine + stimulus approval, we can see a buy and back to record highs, With New corona virus stats increasing & a failed stimulus agreement, we will be heading downwards. Focus more on fundamentals rather than technicals until markets have calmed down.