US30: Key Point

US30, Daily

In the Daily timeframe, US30, in a long-term uptrend after a correction, is consolidating near the 61.8 Fibonacci area and testing the MA50. Despite the short-term dip, the overall sentiment remains bullish.

• If the bears push the price below the 39400 support again, the downside target will be 38600;

• Bounce-off support and rise above MA50 will open the way to 40200, corresponding to 38.2 Fibonacci;