US 30 Bulls Maintain Control Above the 33481.460 Key Level

Market Analysis – October 11

US 30 bulls maintain control above the 33481.460 key level. The Dow Jones is displaying resilience this week as bullish momentum remains dominant above the 33481.460 key level. This sustained bullish phase appears poised to gather further momentum, potentially capturing more significant levels soon.
 
Throughout the previous month, the US 30 struggled to maintain a bullish stance, with sellers dictating market direction. The index witnessed a decline from the 35114.050 significant level to hover around the 32837.410 price level. However, with the arrival of October, the bulls have exhibited renewed confidence in changing the market narrative.

US 30 Key Levels

Resistance Levels: 35758.700, 35114.050
Support Levels: 34020.660, 33481.460

US 30 Long-Term Trend: Bullish

Currently, the market is on a trajectory towards breaching the 34020.660 significant level. A successful break above this level would solidify the bullish sentiment and potentially pave the way for further upward movement.
 
Technical indicators are aligning with the bullish bias, with the Relative Strength Index (RSI) in harmony with the prevailing uptrend. The Parabolic SAR (Stop and Reverse) indicator also supports the bullish outlook as the price approaches the 34020.660 price zone.

US 30 Short-Term Trend: Bullish

As the US 30 index continues to uphold its bullish momentum, traders will be closely monitoring the potential for sustained upward movement. This is more plausible to play out in the coming sessions this week. The buyers are still willing to cause more breakthroughs on the index market.

 

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