Open Free Account


The Eagle has Landed

wallstreet 30



Global markets remain under pressure on Thursday as Asian markets turn lower from a volatile U.S session on Wednesday as U.S Fed policy makers turn more hawkish.

Oil prices are continuing higher as market participants weighed the latest developments in the Russia/ Ukraine war as Biden touches down in Brussels. The sell-off in U.S Treasuries also took a breather for a moment as President is set for a series of summit meetings with delegates on the war with another round of sanctions on Russia waiting in the wings.

The U.S Federal Reserve also became the focus of traders on Wednesday as policy makers signalled, they would act aggressively against rising inflation with a possible 50 basis point rate hike at the next policy meeting.

Here is what’s expected this week:

The Wall Street 30 Technical Analysis


The price action on the Wall Street 30 (WS30) did breakthrough key resistance levels and did reach the possible target level at 34692 as described in our previous WS30 note.

The previous resistance level at 34110, now a support level, will be an important level to watch over the coming days and could be tested. The support level needs to hold to support the bull effort in achieving higher price targets on the WS30 Index.


Wall Street 30H4 (002)

Current State / Chart Source: Wall Street 4H Timeframe  - GT247 MT5 Trading Platform




Trade the market now




Take note: The outlook and levels might change as this outlook is released during the current days (Thursday the 24th of March 2022) U.S Market open.

Sources – MetaTrader5, Reuters, Stella Qiu and Kevin Buckland.





Barry Dumas - Round-1

Barry Dumas | Market Analyst at GT247.com

Barry has 12 years of experience in the financial markets. He enjoys educating clients on trading / investing and providing punchy technical analysis on securities. He currently holds a Wealth Management qualification and is studying towards becoming a Chartered Market Technician® (CMT) designation holder.



Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by Barry Dumas, Market Analyst at GT247 (Pty) Ltd t/a GT247.com (“GT247.com”) as general market commentary, and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. GT247.com does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information which we receive from third-party data providers. You must rely solely upon your own judgment in all aspects of your trading decisions and all trades are made at your own risk. GT247.com and any of its employees will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of or reliance on the market commentary. The content contained within is subject to change at any time without notice.