US3O Price Consolidation within its broader bearish momentum

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US30 remains in a consolidation phase within its broader bearish trend. After failing to break down convincingly, price may retest overhead resistance before determining the next direction.

Technically Wall Street futures edged slightly higher as traders positioned themselves ahead of one of the most closely watched and divisive upcoming Federal Reserve meetings. Despite this temporary lift, technical structure still favours the bears.

US30 continues to show signs of weakening momentum, and as long as price remains below key resistance levels, bearish control is expected to persist. The index may revisit the support zone between 47,202 and 46,506, which continues to act as an important downside target area.

You may find more details in the Chart.
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