US30 Bullish Trend with Key Support at 38,790

19 Jun

Technical Analysis: US30

The price trend for US30 is currently bullish, targeting 39,050 as long as it remains above 38,790. There is also the possibility of a price correction down to 38,790.

• Bullish Scenario:
  As long as the price trades above 38,790, it will likely push up to 39,050.
  
  
• Bearish Scenario:
  If the price breaks below the support level at 38,790, it could decline to 38,580. Sustained trading below this level may result in a further drop to 38,400.
  
  
• Key Levels:- Pivot Line: 38,790
  - Resistance Levels: 39050, 39350, 39700
  - Support Levels: 38580, 38400, 38290
  
  
• Today's Expected Range:
  The price is expected to move between the support level at 38,790 and the resistance level at 39,050.
  
  In summary, maintaining a position above 38,790 supports a bullish outlook with higher resistance targets, while trading below this level indicates potential bearish movement towards lower support zones.