US30 / IT LOOKS A BULLISH SAFE AREAUS30
Technical Analysis: As previously noted, the price touched 42,030 and stabilized above it as expected. Today is likely to be a critical session, as a strong correction could potentially drive the price down to 41,770 or 41,565 by the condition closing 4h candle below that.
However, stability above 42,030 would support a gradual bullish move towards 42250 and 42700.
Key Levels:
Pivot Point: 42030
Resistance Levels: 42,300, 42,450, 42,700
Support Levels: 41,770, 41,565, 41,340
Trend Outlook:
Consolidation: 42000 - 42350
Bullish: Above 42,040
Bearish: Below 42,030
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