Futures Dip as Markets Eye Jobs Data and Middle East TensionsUS30
Futures edge lower ahead of jobs data; investors cautious amid Middle East tensions.
U.S. stock index futures declined on Thursday as investors awaited labor market data for insights into the economic outlook and the potential for further interest rate cuts by the Federal Reserve, while remaining alert to any escalation in Middle East conflicts.
Technical Outlook:
The price is expected to approach the resistance level at 42,300 before beginning a downward move toward 42,080.
A sustained break below 42,080 will signal a bearish trend, targeting 41,770.
However, stability above 42,300 could push the price toward 42,450 and higher.
Key Levels:
Pivot Point: 42180
Resistance Levels: 42290, 42450, 42700
Support Levels: 42080, 41960, 41770
Trend Outlook:
Bearish by breaking 42080
Bullish by breaking 42300
PREVIOUS IDEA: