US30 | Technicall View
Current Scenario:
US30 is under bearish pressure as long as it trades below 42245.
A corrective move toward 42460 is possible if the price closes a 1H candle above 42245.
However, staying below this pivot keeps the downside open toward the 41780 support zone.
Alternative Scenario:
If the price stabilizes above 42460, bullish momentum may resume, targeting 42800 and 43200.
Fundamental Context:
Despite global trade tension headlines, markets remain resilient.
As seen with SPX500, investors seem to be downplaying tariff threats from the Trump administration, focusing more on upcoming economic data.
However, sentiment could shift quickly if geopolitical risks escalate, reinforcing downside pressure.
Pivot: 42245
Support: 42040, 41790, 41310
Resistance: 42460, 42800, 43210
Current Scenario:
US30 is under bearish pressure as long as it trades below 42245.
A corrective move toward 42460 is possible if the price closes a 1H candle above 42245.
However, staying below this pivot keeps the downside open toward the 41780 support zone.
Alternative Scenario:
If the price stabilizes above 42460, bullish momentum may resume, targeting 42800 and 43200.
Fundamental Context:
Despite global trade tension headlines, markets remain resilient.
As seen with SPX500, investors seem to be downplaying tariff threats from the Trump administration, focusing more on upcoming economic data.
However, sentiment could shift quickly if geopolitical risks escalate, reinforcing downside pressure.
Pivot: 42245
Support: 42040, 41790, 41310
Resistance: 42460, 42800, 43210
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.