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US Stocks: Dow Jones (US 30) - Long-term And Short-Term Look | 8cap

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Hello, and thanks for stopping by. Our US30 market update video is just below the US30 d1 chart.

In today’s report, we break down the US30 on an overall longer-term view and the current short-term view. Overall the trend remains down, and we are watching to see if the short term can complete the current pattern of trend and maintain a normal trend with a new LL. Sellers are in control on the short term but they have a bit to do to confirm that.

On the short-term, sellers continue to hold sway with a break of yesterday’s low in today’s out-of-hours session. We’re seeing two keys moving forward. 1, sellers break 30,500 demand and set off back to 29,683 low. If demand holds and we see a new move above 31,500 resistance, we will jump off the seller train and look at the possibility that the uptrend from the 20th of June has further to run.

Good trading and we hope you enjoy your day.

US30 D1 Chart us stocks dow jones us 30 long term and short term look 8cap grafika numer 1

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US30 Update Video (powered by TradingView)

The post US30 pressure continues. Could the short-term run be over? appeared first on Eightcap.


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8 eightcap

Joseph Jeffriess, Market Analyst in Eightcap
Eightcap is one of the leading CFD brokers in the market, providing online trading services to a wide range of clients from around the world. They offer 1,000+ CFDs based on Forex, commodities, indices, shares, and cryptocurrencies. The well-established trading company was founded in Melbourne, Australia, in 2009, and is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Securities Commission of The Bahamas (SCB).


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