US30: Thoughts and Analysis Post-CPIimage
US30: Thoughts and Analysis Post-CPI
Today's focus: US30Pattern – DiagonalSupport – 38,135, 37,135Resistance – 38,810Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 on the daily chart.What a solid run we have seen till yesterday's CPI data. After US CPI came in hotter than expected, this shocked the market and led to heavy selling on stock indexes and risk currencies with a flight to safety (USD).We have broken down price action, price patterns and levels we are watching. Is this nothing more than a buying opportunity, or is this a potential momentum change?
US30: Thoughts and Analysis Post-CPI
📈📉Understanding futures 🤔image
📈📉Understanding futures 🤔
Futures are a type of derivative contract agreement to buy or sell a specific commodity asset or security at a set future date for a set price. Futures contracts, or simply "futures," are traded on futures exchanges like the CME Group and require a brokerage account that’s approved to trade futures.
📈📉Understanding futures 🤔