US Wall Street 30 (US30USD) Rebounds Above Level 26000 but Consolidates in the Middle Price Range

US Wall Street 30 (US30USD) Rebounds Above Level 26000 but Consolidates in the Middle Price Range

Key Resistance Zones: 28500, 29000, 29500
Key Support Zones: 26000, 25500, 25000

US Wall Street 30 (US30USD) Long-term Trends: Ranging
The index is fluctuating between levels 25000 and 27000 since June 10. The index is falling after testing the resistance line twice. The price has not broken the key levels of price range in the last two months. The market is consolidating below the resistance.

US30USD – Daily Chart

Daily Chart Indicators Reading:

The 21-day and the 50-day SMA are sloping sideways. It indicates the market is in a sideways move. The price has fallen to level 52 of the RSI period 14. The market is in an uptrend zone and it is above the centerline 50.

US Wall Street 30 (US30USD) Medium-term Trend: Ranging
On the 4-hour chart, the index has been fluctuating between levels 26000 and 27200. The levels have not been broken for the past month. In the meantime, price is rising above the current support.

US30USD – 4 Hour Chart

4-hour Chart Indicators Reading
US30USD is above 40 % range of the daily stochastic. This indicates that the market is a bullish momentum. The SMAs are sloping horizontally indicating the sideways trend.


General Outlook for US Wall Street 30 (US30USD)
US30USD index is consolidating within a confined price range. This current consolidation has been ongoing for the past two months. The price is yet to break the key levels of the price range.


Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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