US30 Bullish Momentum Continues with Key Support at 38,790 Technical Analysis: US30
The US30 index retested the 38,790 level and then surged approximately 150 points, continuing its upward momentum toward the 39,050 level.
Bullish Scenario:
As long as the price trades above 38,790, it will likely push up to 39,050.
Bearish Scenario:
If the price breaks below the support levels at 38,790 and 38,760, it could decline to 38,580. Sustained trading below this level may result in a further drop to 38,400.
Key Levels:
- Pivot Line: 38,790
- Resistance Levels: 39,050, 39,350, 39,700
- Support Levels: 38,580, 38,400, 38,290
Today's Expected Range:
The price is expected to move between the support level at 38,760 and the resistance level at 39,050.
In summary, maintaining a position above 38,790 supports a bullish outlook with higher resistance targets, while trading below this level indicates potential bearish movement towards lower support zones.
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