USNAS100 (Attending More Bullish trend)

Futures Edge Higher as Softer Inflation Report Boosts Rate-Cut Hopes

All three major indexes reached record closes following a smaller-than-expected rise in consumer inflation, sparking optimism that inflation is easing after three consecutive months of higher-than-anticipated numbers.

The market is now anticipating two quarter-point interest rate cuts from the Federal Reserve this year. According to the CME FedWatch Tool, traders see a 72.4% chance of the first rate cut occurring in September.

Technically:
The price has successfully broken the resistance line and stabilized above the breakout zone. Stability within this zone, between 18,615 and 18,545, indicates a continuation of the bullish trend, potentially driving prices toward 18,800 and 19,100.

Additionally, if the price breaches the lower boundary of 18,545, it may retest down to 18,430 before resuming its bullish trajectory.


pivot line: 18615
Resistance Price: 18780, 18880, 19100
Support price: 18545, 18435, 18250

Its range for Today will be between Support 178435 and Resistance 18880