USA 30 index respects round and historical levels

Source: Dukascopy Bank SA


In June and July, the USA 30 stock index has been finding support in the zone, which surrounds the 30,000.00 mark. Meanwhile, resistance was being provided by the 50-day simple moving average. In late July, the moving average failed to continue to push the stocks down. On July 26, the index was testing the resistance of the 32,000.00 mark and the 32,100.00 level, which marks the 2021 February high and March low levels.

In the case of the stocks surging above 32,100.00, resistance might be encountered in the 32,500.00 mark and the June 2021 low level at 33,065.00. However, the June 2021 low level did not act as resistance during this year's late May trading.

On the other hand, a decline of the assets could look for support in the 50-day simple moving average near the 31,500.00 level, before reaching the 29,665.30/30,560.00 zone.
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