US30 / Navigating All-Time Highs and Potential Consolidation

Technical Analysis: US30

The US30 has reached its all-time high and continues to gain, potentially targeting 40420. The momentum from earnings reports is expected to push the US30 to stabilize above 40420, aiming for 40940.

Current Outlook:
The price is likely to consolidate between 40420 and 40060 until a breakout occurs, with the initial target being 40420.

Bullish Scenario:
If the price touches 40420, it should stabilize above this level and close a 4-hour candle above it to maintain the bullish trend, targeting 40940.

Bearish Scenario:
If the price fails to stabilize above 40420, it may trade between 40420 and 40060. A drop from 40420 to 40060 is possible.

Key Levels:
- Pivot Line: 40220
- Resistance Levels: 40420, 40620, 40940
- Support Levels: 40080, 39880, 39600

Today's Expected Range:
The price is anticipated to fluctuate between the support at 40060 and the resistance at 40420.
IndicesSupply and DemandSupport and ResistanceTrend AnalysisUS30

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