USNas100 (Price Bearish in Focus under pivot line 20100)

7月3日

Technical Analysis: Price Bearish in Focus


Today's Outlook:
The price reached the high level again and now should break the all-time level to trade above 20100 toward 20405

Bearish Scenario:
As long as the price trades below 20100, the bearish trend is likely to persist, with targets at 19960 and under that will be 19845, supported by strong bearish volume. Closing 4h candle under 19525 will start a strong Bearsih area.

Bullish Scenario:
Closing 4h candle above 20100 means will be an uptrend to get 20400

Key Levels:
- Pivot Line: 20100
- Resistance Levels: 20250, 20400, 20500
- Support Levels: 19960, 19845, 19625

Today's Expected Range:
The price is anticipated to fluctuate between the support at 19625 and the resistance at 20250, with a downward trend expected for today.