US30 / Futures Waver on Anxiety Ahead of Jobs Data

Futures Waver on Anxiety Ahead of Jobs Data

Current Outlook:
The price is expected to consolidate between 38,790 and 38,580 until a breakout occurs.

Bullish Scenario:
For a bullish trend to emerge, the price needs to stabilize above 38,790 and close a 4-hour candle above this level.

Bearish Scenario:
If the price drops to touch 38,580, it should break this level to continue the bearish trend towards 38,400 and 38,050.

Key Levels:
- Pivot Line: 38770
- Resistance Levels: 39050, 39250, 39410
- Support Levels: 38580, 38400, 38050

Today's Expected Trading Range:
The price is anticipated to fluctuate between the support at 38,580 and the resistance at 39,050.

Tendency: Downward