US30 Seeks Renewed Momentum After Reclaiming Key Support Level

US30 Analysis – June 24

US30 is seeking renewed momentum after reclaiming key support levels. The index has regained a bullish posture following a rebound from the $41,740 demand zone, aligning positively with both the 9-day Simple Moving Average (SMA) and the Stochastic Oscillator. The SMA at $42,420 now acts as dynamic support, with the price trading slightly above it—an indication of renewed buyer interest. The Stochastic Oscillator, which previously dipped into oversold territory near 23, is curving upwards toward 35, suggesting a possible shift in momentum favoring the bulls. This confluence of indicators supports a technically driven resumption of upward movement.

US30 Key Levels

Resistance Levels: $42,880, $45,100, $47,000
Support Levels: $41,740, $40,000, $38,400, $36,500

US30 Long-Term Trend: Bullish

Recently, the price executed a clean sweep of the short-term liquidity pool just below $41,810 before sharply rejecting that zone, validating it as an order block region. This move respects the bullish break-of-structure (BOS) established in May, reinforcing the prevailing bullish trend. Additionally, the latest candle formation reveals a clear bullish engulfing setup near the demand area, highlighting strong institutional interest and a likely transition from distribution to accumulation. This behavior affirms the intention to push higher, with $42,880 as the immediate resistance.

Looking ahead, as long as the price holds above the $41,740 support level, US30 remains positioned to move toward the next major resistance at $45,100. If this level is broken with notable volume and momentum, it could pave the way for a retest of the all-time high near $47,000. In the short to medium term, a pullback toward $42,200 may offer a strategic re-entry opportunity for buyers aiming to capitalize on the broader bullish continuation.

US30 Short-Term Trend: Bullish

US30 is displaying bullish momentum after a strong rebound from the 4H order block zone around 41,740. The price has broken above the descending trendline and is now trading above the 9-period SMA, indicating a potential structural shift. The Stochastic Oscillator is now crossing above the 60 level, reinforcing the bullish outlook. If buyers maintain control, the next target is around the 42,880 resistance zone, making this a key area to monitor for informed forex signals.

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