US 30 Bounces Off A New Horizon

Market Analysis – July 25th

US 30 Bounces off a new horizon as buyers keep increasing momentum. The market is on the rise as buyers continue to increase their buying momentum. After breaking past the 35170 key level, buyers have kept up their pace. They have succeeded in pushing the market from its starting position of 32748.50 above the 33665.30 market level in June. This has given buyers the confidence to challenge the 34394.70 significant zone. This position has been a difficult barrier to penetrate.

US 30 Market Levels

Resistance Levels: 35170.60, 34394.70
Support Levels: 32748.50, 31783.50

US 30 Long-Term Trend: Bullish

The market has been bullish since the beginning of June. The buy traders have been able to easily break through the 33665.30 market level. However, the resistance at the 34394.70 zone has proved more difficult to overcome. After a period of market consolidation, buyers have decided to make another attempt at breaking through this barrier. With the current breakout, there is a strong possibility of further bullish movement.

The US 30 market is in a strong position. Buyers are confident that they can continue to increase their momentum. This will be done by pushing the market higher as it breaks through the resistance levels. With the current breakout, they have the chance to make the most of this opportunity. By increasing momentum, they can create a new horizon of bullish movement.

US 30 Short-Term Trend: Bullish

Buyers maintaining their focus forward could lead to the bulls breaking new levels in the market. The 4-hour chart shows a spike in price momentum, suggesting that the bulls are still actively pushing for further gains. However, it’s worth noting that the RSI (Relative Strength Index) is currently in the overbought section. This indicates a potential short-term drop before any further movement in the market.

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