US30 Sustains Bullish Momentum as Price Approaches Key Supply Level

Market Analysis – July 24

US30 continues its bullish trajectory following a decisive break from the previous bearish trend. After shifting into an upward movement, price has steadily climbed, surpassing the 43,500 resistance level and now aiming for the 44,830 supply zone.

US30 Key Levels

Demand Levels: 42200.0, 40800.0, 39200.0
Supply Levels: 43500.0, 44830.0, 46500.0

US30 Long-Term Trend: Bullish

The initial phase of the bullish trend was characterized by slow momentum, as price struggled to consistently engage with the trend line support and resistance—indicating early weakness. However, by June 2025, bullish momentum had gained considerable strength. Price found solid support and rallied upward, decisively breaking above the 43,500 supply level.

This surge in momentum has been sustained, enabling price to approach the next major supply zone. The current bullish move is further supported by a rebound from the trend line support and confirmation from the daily Moving Average, which reinforces the ongoing bullish bias.

US30 Short-Term Trend: Bullish

In the short term, price action has formed a reverse head and shoulders pattern—a classic bullish reversal setup—near the trend line support area. This pattern strengthens the outlook for continued upward movement. With this formation in place, US30 is well-positioned to break above the 44,830 level and potentially advance toward the 46,500 resistance zone. This setup presents a strategic opportunity for traders using forex signals to align with the prevailing market trend.

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