Volatility Expected Between Key Support and Resistance Level

26 Jun

Technical Analysis: US30

The price has reversed from the resistance line at 39575 and has now reached a strong support line. Consequently, significant volatility is expected as the price oscillates between 39045 and 39410, a notably wide range.

Current Outlook:
The price is likely to touch 39045 before potentially pushing up again. Both scenarios should be carefully considered:

Bullish Scenario:
Stability above 39230 suggests a move towards 39410. However, if the price reaches the support line at 39045, it must stabilize above this level to maintain a bullish trend.

Bearish Scenario:
A bearish trend would be confirmed if the price breaks below 39045, targeting 38790, and potentially dropping further from there.

Key Levels:
- **Pivot Line:** 39230
- **Resistance Levels:** 39400, 39575, 39780
- **Support Levels:** 39045, 38790, 38600

### Today's Expected Range:
The price is anticipated to fluctuate between the support at 38790 and the resistance at 39410.

In summary, maintaining stability above the pivot line at 39230 is crucial for a bullish outlook, with targets at 39410. Conversely, a break below 39045 would signal a bearish trend with a downside target at 38790.