US30 (Reversing From Its Resistance)

Technical Analysis: US30

Still, the price is trading at the same zone under 39,245 and is currently running between 39,245 and 29,045 to break sideways.

Current Outlook:
The price is likely to touch 39045 before potentially pushing down again. Both scenarios should be carefully considered:

Bearish Scenario:
A bearish trend would be confirmed if the price breaks below 39045, targeting 38790, and potentially dropping further from there.

Bullish Scenario:
Stability above 39230 suggests a move towards 39410. However, if the price reaches the support line at 39045, it must stabilize above this level to maintain a bullish trend.


Key Levels:
-Pivot Line: 39230
-Resistance Levels: 39400, 39575, 39780
-Support Levels: 39045, 38790, 38600

Today's Expected Range:
The price is anticipated to fluctuate between the support at 38790 and the resistance at 39410.