US30 Trades With Weak Momentum 

Market Analysis- March 27th

US30 trades with weak momentum. Despite this setback, they have managed to regain their footing and are once again on their feet. The bullish momentum of the US30 was temporarily suspended when the buyers hit the key level of 39,926.000. At this level, the buyers lost their guard, making it easier for sellers to penetrate. This resulted in a weakening of the market and a loss of control for the buyers. 

US30 Key Levels

Resistance Levels: 399 26.300, 38598.350 
Support Levels:37114.000, 35913.400

US30 Long-Term Trend: Bullish

Over the past two days, the index price has shown weakness as the buyers lost the battle. The bears, however, could not hold on to their strength for long. Today, the buyers have opened up with a gain and are willing to press further.

Despite the recent setback, they have not lost their determination. By pressing harder, they aim to flow past the 39,926.000 market zone and regain control. This month, the US30 price has predominantly stayed on the accumulation side. Nevertheless, it is a positive response to see the buyers making a solid impact on the market. 

US30 Short-Term Trend: Bullish

The Bollinger Band indicator has shown weak compression on the daily chart for several days. This suggests that a breakout is imminent. As price consolidation unfolds in a short time frame, it is only a matter of time before we see the bulls spread out again.

A possible breakthrough in the 39,926.000 key zone holds significant potential for buyers. Traders who are keen on capitalizing on the resurgence of US30 buyers can spot perfect entry opportunities through rigorous setups from forex signals.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade 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.