US30 | Technical Outlook
Market Overview
US30 is trading within a broader bullish structure, supported by higher highs and higher lows on the H4 and Daily timeframes. The recent pullback has been corrective rather than impulsive, with price stabilizing above key moving averages and reclaiming short-term momentum.
Intraday price action shows consolidation above a key horizontal level, suggesting the market is digesting gains rather than reversing. As long as price remains above structural support, the broader bullish bias remains intact.
Key Resistance Levels
Immediate resistance is located at:
- 48,450 – 48,500
This zone represents:
- Recent swing highs
- A short-term supply area on H1/H4
A sustained break and close above 48,500 would open the door toward:
- 48,900
- 49,300 (major daily resistance)
Key Support Levels
Immediate support is found at:
- 48,000 – 47,850
This area aligns with:
- Rising H4 moving averages
- Previous breakout and consolidation structure
If price breaks decisively below 47,850, downside risk increases toward:
- 47,300
- 46,800
Expectations
Bullish Scenario (Preferred While Above Support)
As long as US30 holds above 47,850, upside continuation remains favored. Pullbacks into support are likely to attract buyers, with targets at:
- 48,500
- 48,900
Bearish Scenario (Only If Structure Breaks)
A sustained break below 47,850 would signal a loss of bullish structure and could trigger a deeper corrective move toward:
- 47,300
- 46,800
This scenario requires a clear breakdown, not just a brief intraday spike.
Overall Outlook
US30 remains technically bullish across higher timeframes. While short-term consolidation is possible after the recent rally, the broader structure favors continuation higher unless key support levels fail.
Price behavior around 47,850 support and 48,500 resistances will be critical in defining the next directional move.
