Daily Market Analysis 25|06|2020: US30

Daily Analysis / Online Education

Daily Market Analysis 25|06|2020: US30

Instrument: US.30

Intraday: Bearish

Technical Analysis

Sell position is envisaged if price trades below 24969 with take profit at key level 24705.
Alternative scenario: 
Buy if price trades above 25462 with take profit at 25770.
No major economic data with direct bearing to this index

Comment: This index prior to today was ranging at a strong key level, however, it broke past the support level and has been declining ever since; furthermore, the mixed sentiment in the market and the spike in new COVID cases is putting more fears into investors decisions, hence, a bearish move is supported on US30

Analysis: SCRUM Team

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