Bearish outlook, followed by a bullish long

US30 broke through a bearish channel last week and has continued to show bullish pressure. However, as long as the price is under 42,000, the indice may correct a bit, towards the 41,550, 41,200, and 41,000 barriers.

Price action is currently oscillating between 42,000 and 40,600. A break of either side, will be the intended direction from a long term perspective.