Daily Market Analysis 15|07|2020: US30July 15, 2020 2020-07-15 8:14
Daily Market Analysis 15|07|2020: US30
Buy position is envisaged if price trades above 26794 with take profit at key level 26994.
Sell if price trades below 26424 with take profit at 26174.
No fundamental with direct impact on the index.
Comment: US30 jumped on Wednesday as optimism about a coronavirus vaccine bolstered risk appetite. Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hope for a faster economic recovery and this caused the bullish move which is expected to continue if price breaks the hourly resistance.
Analysis: SCRUM Team