USA500 Analysis

Evening Analysis for CFD Instruments 06/12/2018

Fundamental analysis

06 December, 2018

The USA500 futures market dropped lower on Thursday to 2660.50, as a top Huawei executive was arrested, fuelling worries that it could reignite U.S.-Sino trade disputes. Meng Wanzhou, the chief financial officer at the Chinese smartphone company Huawei was arrested in Canada on an an extradition request by the U.S. The U.S. has been investigating whether or not she violated sanctions against Iran. Her arrest so soon after U.S. President Donald Trump and his Chinese counterpart Xi Jinping agreed to a 90-day trade truce could threaten to derail any potential trade talks between the two countries. Regular markets reopened on Thursday after being closed Wednesday to honour former President George H.W. Bush, who died last week.

Technical analysis

USA500 Analysis Technical analysis 06/12/2018
Time Frame: 1 hour

USA500 Support & Resistance Table - 06/12/2018

Support & Resistance Level Explanation
Resistance 2 2716.39 Daily R2
Resistance 1 2685.59 Daily R1
Support 1 2632.08 Daily S1
Support 2 2609.14 Daily S2

USA500 Indicator Table - 06/12/2018

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Sell
Stochastic ( 9;6;3) Sell

USA500 Indicator / Period Table - 06/12/2018

Indicator / Period Day - SellWeek - BuyMonth - Sell
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell BuyNeutral
SMA 20 Sell SellSell

USA500 06/12/2018 - Reference Price : 2661.82

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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