Minidollar contracts (WDOK24)due in May, closed positive for the third consecutive day, registering an increase of 0.63%, at 5,037 points.
Thus, based on last Thursday’s closing, at 5,037 points, technical analyst Rodrigo Paz points out as supports 5,031.5/5,025 (1), 5,020.5/5,014.5 (2) and 5,003.5 (3). Meanwhile, resistance is in 5,040 (1), 5,052/5,059 (2) and 5,071 (3).
Based on the 15-minute chart, it can be seen that the mini-dollar contract is trading upwards and shows potential for continuation. However, it is worth paying attention to the distance from the averages due to recent increases that could cause correction movements.
Masterclass
The Most Promising Stocks on the Stock Exchange
Download a list of 10 Small Caps stocks that, in experts’ opinion, have appreciation potential in the coming months and years, and watch a free class
“For today (Monday), it is important to keep an eye on the possible continuation of the upward movement. To do this, you must surpass the 5,040 point range. If this resistance region breaks, it should aim for the 5,052/5,059 point range. If it remains high, the target will be in the region of 5,071”, points out the technical analyst.
Despite the current movement, it is worth paying attention to the main support bands, mainly due to the distance from the averages, which can cause corrective movement. If a correction movement begins and breaks the average band at 5,031.5/5,025 points, it could boost the sales flow, in order to seek bands of 5,020.5/5,014.5 with a longer target in the region of 5,003.5 points .
Dollar Futures (WDOK24): 60-Minute Chart
Analyzing the 60-minute chart, it is possible to observe that the mini-dollar is trading on the rise and has the potential to continue if it surpasses the 5,040 point range. However, it is necessary to pay attention to the distance from the averages after three consecutive days of increase, which could cause a correction.
“For the asset to follow the buying flow, it must surpass the region of 5,040 points and then target the range of 5,052/5,059 points. The longest objective will be in the range of 5,071 points”, he says.
If you seek to resume the sales flow, attention returns to the average range at 5,020.5/5,008.6 points. If they are broken, you should look for the 5,000 range with a longer target at 4,995.5/4,990 points.
Technical Analysis Guides:
Check out more content about technical analysis on IM Trader. Daily, infomoney publishes what to expect from dollar and index mini contracts. The best platforms to operate on the Stock Exchange. Open an account at XP.
 may continue rising, with resistance at 5,040 points){kind=link}