Futures Hold Steady Ahead of Key Inflation Report
The price has surged, successfully hitting our targets with a gain of approximately 400 points
Next Outlook:
The upcoming movement will be influenced by the CPI report, with two potential scenarios:
Bullish Scenario:
If the CPI is released below 3.00%, the bullish trend is likely to continue, aiming to break 19,200 and advance toward the next target of 19,530.
Bearish Scenario:
A CPI release above 3.00% could trigger a decline, with the price potentially falling toward 18,760 and 18,420.
Key Levels:
- Pivot Line: 19100
- Resistance Levels: 19200, 19320, 19535
- Support Levels: 18760, 18420, 18020
Today's Expected Trading Range:
The price is anticipated to fluctuate between 19,200 and 18,420.
previous idea:
The price has surged, successfully hitting our targets with a gain of approximately 400 points
Next Outlook:
The upcoming movement will be influenced by the CPI report, with two potential scenarios:
Bullish Scenario:
If the CPI is released below 3.00%, the bullish trend is likely to continue, aiming to break 19,200 and advance toward the next target of 19,530.
Bearish Scenario:
A CPI release above 3.00% could trigger a decline, with the price potentially falling toward 18,760 and 18,420.
Key Levels:
- Pivot Line: 19100
- Resistance Levels: 19200, 19320, 19535
- Support Levels: 18760, 18420, 18020
Today's Expected Trading Range:
The price is anticipated to fluctuate between 19,200 and 18,420.
previous idea:
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.