US30 Gain as Bank Earnings Impress Inflation Report in SpotlightFutures 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