Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The DJ30 manages to move 5551 points since October, a slight loss of momentum observed by the RSI indicator and the price starts to struggle to break the 34249.76 resistance. This is also confirmed by the EMA which has lost its trend and is going sideways.
Now, with this data we may see a drop around the 31009.62 level.
If the price fails to drop and break above this strong resistance, we may see upside moves.
USOIL has been in a downward trend for the past 2 months. The price now seems to have correction and may go up to the trend line.
If the price finds resistance near the trendline, we may see a decline to around 70.27 level.
If the price breaks above the trend line, we may see a move around 83.25 again.
The SPX manages to move 600 points since October, the price has now found resistance in the 4118 area.
Now we may see the price hovering around the 4101.75 and 3913.71 levels for a while.
If the price breaks below 3913.71, we may see a decline to around 3696.24.
If the price fails to drop and break above this strong resistance, we may see upside moves.
Online Chat Chat with us
Email:supportsohomarkets.eu
Copyright © 2023 - All rights reserved.
SohoMarkets (Cyprus) is a Trade name of Vstar & Soho Markets Ltd which is registered as a Cyprus Investment Firm (CIF) and licensed by the Cyprus Securities and Exchange Commission (CySEC) under licence number 409/22.
Vstar & Soho Markets Ltd. provides services to residents of the European Economic Area (excluding Belgium), Switzerland, India, Indonesia, Malaysia, Philippines and Vietnam.
CLIENT AGREEMENT (TERMS AND CONDITIONS) CLIENT CATEGORISATION POLICY Complaints or Grievances Policy Conflicts of Interest Policy Cookie Policy Investor Compensation Fund Key Information Document COMMODITIES CFD Key Information Document CRYPTOCURRENCIES CFD Key Information Document FX CURRENCIES CFD Key Information Document INDICES CFD Key Information Document ENERGY CFD Key Information Document METALS CFD Key Information Document STOCKS CFD Order Execution Policy Privacy Policy Risk Disclosure Execution Quality Summary Statement 2022 Disclosure and Market Discipline Report 2022