US30 Daily Analysis
Technical Outlook — May 1, 2025
🔍 Current Market Condition:
US30 is trading near a critical confluence zone where price meets descending trendline resistance and horizontal supply. This level previously acted as a strong rejection point, making the current test significant.
🧩 Key Technical Highlights:
📈 Possible Scenarios:
Bullish Case:
Bearish Case:
📌 Important Note:
This week's economic calendar includes key data releases—stay alert for volatility that may trigger a breakout or reversal.
If you found this analysis valuable, kindly consider boosting and following for more updates.
Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Technical Outlook — May 1, 2025
🔍 Current Market Condition:
US30 is trading near a critical confluence zone where price meets descending trendline resistance and horizontal supply. This level previously acted as a strong rejection point, making the current test significant.
🧩 Key Technical Highlights:
- Price testing descending trendline from March highs.
- Horizontal resistance zone around 41,000–41,300 is being challenged.
- Stochastic oscillator is nearing overbought levels, suggesting caution.
- The ascending channel’s lower boundary recently held as support near 38,000.
- Compression forming between trendline resistance and rising support.
📈 Possible Scenarios:
Bullish Case:
- Break and close above 41,300 could open path to retest 43,000 and 45,000 levels.
- Look for a bullish daily candle with strong volume above trendline.
Bearish Case:
- Rejection from current resistance could send price back toward 39,500–38,000 support zone.
- Watch for bearish divergence on Stochastic or failed break above resistance.
📌 Important Note:
This week's economic calendar includes key data releases—stay alert for volatility that may trigger a breakout or reversal.
If you found this analysis valuable, kindly consider boosting and following for more updates.
Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.