US30 BEARISH ZONE

23 Şub 2023

Inflation “remained well above” the Fed’s 2% target and the labor market “remained very tight, contributing to continuing upward pressures on wages and prices,” according to the minutes

“The Fed is determined to free up some slack in the labor market, to ensure that inflation doesn’t get entrenched at its current high level,” said Bill Adams, chief economist for Comerica Bank. “By mid-2023, year-over-year CPI inflation likely will have slowed to below the federal funds rate. But if inflation surprises to the upside again, or if the unemployment rate falls further, the Fed could hike more than in our forecast.”

so technically as long as the price trade under 33430 it means will continue in its bearish direction to get 32450
also, it is possible to do a retest till 33430 and then drop

Daily timeframe