The US 30 index has experienced local pressure. The market is conserving its strength ahead of Powell’s speech at Jackson Hole. Find out more in our US 30 forecast for next week.
US 30 forecast: key trading points
- US 30 still has growth potential
- Investors are eagerly waiting for the Federal Reserve’s comments at the Jackson Hole Symposium
- Resistance: 41,470.0, Support: 40,100.0
- US 30 price forecast: 41,880.0
Fundamental analysis
US markets are awaiting today’s speech by US Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, with a keen interest in the future interest rate outlook.
Key US 30 levels to watch:
- Resistance level: 41,880.0 – with an upward breakout, the price could reach 43,700.0
- Support level: 40,100.0 – a breakout below this level would signal that the trend continues to 38,450.0
Summary
Despite the local decline, the US 30 index looks positive. Technical indicators suggest that the index could continue to rise to 41,800.0.
