USA30 Index books new all-time-high

Source: Dukascopy Bank SA


At the start of 2022, the USA 30 Index passed the November and December high level zone at 36,500.00/36,700.00 . On December 4, the index appeared to be finding support in the zone.

Meanwhile, in regards to the future, one can observe two hints on the chart. The rate has been finding both resistance and support in round price levels and the 50 and 200-day simple moving averages. Namely, resistance to the surge might be found in round price levels, and support could be provided by both price levels and SMAs.

In the case of a continuation of the surge, resistance might be found in the 37,000.00 and 37,500.00 levels, before reaching the 38,000.00 mark. On the other hand, a decline would have to pass the 36,500.00 level, prior to reaching the 50-day simple moving average near 36,000.00.

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