US30 Sellers Face Pressure Amidst Buyers’ Push

Market Analysis – October 25

US30 sellers face pressure amidst buyers’ push. The US30 market has seen an interesting struggle between buyers and sellers. The sellers managed to drive the market down close to the 32,839.520 level. It now appears that the buyers are gearing up to make a comeback. The bearish trend had been quite dominant, especially since it dropped from the 35,699.920 level.

US30 Key Levels

Resistance Levels: 35699.920, 35012.570
Support Levels: 33488.620, 32839.520

US30 Long-Term Trend: Bearish

The market’s bearish momentum took hold following a loss of momentum by buyers at the 35,699.920 key level, and it has persisted since the start of August. However, at the beginning of October, buyers showed resilience by driving the market up to the 34,151.820 significant level. Yet, last week, sellers once again managed to exert their influence, resulting in a bearish push.

Now, it seems that buyers are gaining strength. They are now aiming to counter the selling pressure this week, potentially pushing the price back up to the 33,488.620 significant level. The bearish momentum is waning, and the Stochastic oscillator is showing signs of a shift toward a buying session. The oscillator indicates a notable cross at the 0.00 significant zone.

US30 Short-Term Trend: Bullish

The battle between buyers and sellers in the US30 market is one to watch. However, it could determine the short-term direction of the index. Traders should keep an eye on price movements and the evolving strength of both sides. On the current note, the buyers aim for another ride.

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