market outlook cautious as index struggles below key resistance levels

The market closed at 24,436 on October 23, experiencing a downturn for the third consecutive day. It is currently below critical resistance levels, with the 20-week EMA at 24,550 and the 20-week SMA at 24,700, indicating the potential for continued consolidation.

Immediate support is found in the 24,400-24,350 range, and breaching this zone could result in further declines. Market experts suggest that levels may drop to 24,200-24,000 in the near term. Traders are advised to closely monitor these key levels in the current market conditions.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings