US Wall Street 30 (US30USD) Faces Rejection at Level 32000, May Resume Uptrend

Key Resistance Zones: 33000, 33500, 34000
Key Support Zones: 26000, 25500, 25000

US Wall Street 30 (US30USD) Long-term Trend: Bullish
US Wall Street 30 is in an uptrend. The first uptrend was resisted at level 32000. The price fell to level 31000 and resumed upward. The bulls have to break the current resistance for the index to continue upside momentum.

Daily Chart Indicators Reading:
The 21-day and the 50-day SMA are sloping upward. The index has risen to level 54 of the Relative Strength period 14. The price is in an uptrend zone and it is above the centerline 50.

US Wall Street 30 (US30USD) Medium-term Trend: Bullish
On the 4-hour chart, the index is in an upward move. On March 1 uptrend; a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that the index is likely to rise to level 1.272 Fibonacci extension or the high of 31882.20 and reverse.US30USD is likely to reverse after attaining the recent high.

4-hour Chart Indicators Reading
US30USD is above the 78 % range of the daily stochastic. This indicates that the market is in a bullish momentum. The SMAs are sloping horizontally indicating the previous trend.

General Outlook for US Wall Street 30 (US30USD)
US30USD index is currently facing rejection at level 32000. Presently, the price is reaching the overbought region. The upward move is facing resistance at level 31600. A break above the minor resistance will push the price to retest or break level 32000.

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