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Daily Market Analysis 22|07|2020: US30

Instrument: US30

Intraday: Bullish

Technical Analysis

Preference: 
Buy position is envisaged if price trades above 26801 with take profit at 26886.
Alternative scenario: 
Sell position is envisaged if price trades below 26651 with take profit at 26540.
Fundamentals:
No major economic data with direct bearing on the commodity.

Comment: Bullish trend of US30 is expected to continue after price bounced off a support today.

Analysis: SCRUM Team

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