US30 Gain as Bank Earnings Impress Inflation Report in Spotlight

Jan 15

Futures Rise on Strong Bank Earnings; Inflation Data in Focus

Strong quarterly earnings from major Wall Street banks lifted U.S. stock index futures on Wednesday, with investors eagerly awaiting a key inflation report due later in the day.

US30 Technical Analysis
The price has reached the resistance level at 42770 and is expected to consolidate between 42770 and 42590 until a breakout occurs. Volatility is anticipated during the CPI release:

• If the CPI exceeds 2.9%, bearish pressure may drive the price down to 42380.
  
• If the CPI comes in below 2.9%, bullish momentum could push the price toward 42930 and 43210.
  
  Key Levels
  Pivot Point: 42770
  Resistance Levels: 42910, 43170, 43350
  Support Levels: 42590, 42400, 42130

7 days ago

Trade active

US30 LIVE UPDATE

The price has pushed upwards and reached the resistance zone at 43,350, as previously mentioned.

Currently, the price is expected to correct to 43,212 and then drop further to test 43,020 and 42,890. Afterward, the price should stabilize above 42,770 to remain in the bullish zone and target 43,350 again. Closing any candle above 43,350 will likely push the price toward 43,760.

Key Levels:
Pivot Point: 43,212
Resistance Levels: 43,350, 43,540, 43,770
Support Levels: 43,020, 42,770, 42,590