Minidollar (WDOM24) operates in a consolidation movement between 5,103.5 and 5,072 points

Minidollar contracts (WDOM24)due in June, closed the last session slightly positive, registering an increase of 0.04%, at 5,090 points.

Thus, based on last Monday’s closing, at 5,090 points, technical analyst Rodrigo Paz points out as supports 5,075/5,057.5 (1), 5,032 (2) and 5,021 (3). Meanwhile, resistance is in 5,098.5/5,114.5 (1), 5,131/5,136 (2) and 5,173.5 (3).

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Based on the 15-minute chart, it is possible to notice that the mini-dollar contract is in consolidation between 5,103.5 It is 5,072 and only after the break of this consolidation does the asset tend to have an upward or downward directional movement.

“For today (Tuesday), it is important to pay attention to the region where consolidation is taking place. If the asset breaks the region of 5,103.5 points, you can intensify the flow of purchases, in order to seek previous tops, but if you lose the region of 5,072, it could accelerate the fall in search of previous funds”, he says. However, it is important to pay attention to the main support ranges. If the sales flow resumes and breaks the 5,072 points, can boost the sales flow, in order to seek the range of 5,057.5 with a longer target in the region of 5,032 points.

Dollar Futures (WDOK24): 60-Minute Chart

Analyzing the 60-minute chart, it is possible to observe that the mini-dollar closed with a slight increase in the last session, however, as the asset is in a region of consolidation and at the bottom of the movement, we may see a continuation of its decline (for this it will be necessary break the band 5,072 points). However, if it exceeds the region of 5,103.5the asset may seek targets higher in 5,132.

“For the asset to continue the buying flow, it must overcome the region of 5,103.5 points to then aim at the range target. 5,132 points. The longer goal will be the range of 5,173.5/5,187 points”, says analyst Rodrigo Paz. If it continues the downward movement, it should break the 5,072 points. If broken, you should look for the region of 5,057.5with a longer target in 5,021 points.

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