Today's focus: US30
Pattern – LH
Support – 34,560
Resistance – 35,030
• Price set a new failed high, pressuring the current rally
• US Employment data at due 8:30 am
Today, we have run over US30 technicals and price action after yesterday’s selling set up a failed rally that could become a new lower high. We don’t have a directional bias at the moment, but we feel there are a few things to mention and watch heading up to today’s NFP data. Could weaker data support buyers, and if we see higher than expected data, could this maintain rates worries and drive price lower?
Have a great day and good trading.
Pattern – LH
Support – 34,560
Resistance – 35,030
• Price set a new failed high, pressuring the current rally
• US Employment data at due 8:30 am
Today, we have run over US30 technicals and price action after yesterday’s selling set up a failed rally that could become a new lower high. We don’t have a directional bias at the moment, but we feel there are a few things to mention and watch heading up to today’s NFP data. Could weaker data support buyers, and if we see higher than expected data, could this maintain rates worries and drive price lower?
Have a great day and good trading.