US100 consolidation a bullish Phase TrendThe US100 remains within a short-term bearish trend, though recent price action suggests a potential recovery phase if support levels hold.
Technically Wall Street futures gained on Monday, marking a positive start to November. The move was supported by renewed optimism around oil demand and hopes of progress in U.S.–China trade relations, boosting overall risk appetite.
Key technical levels:
Resistance: 26,400 — A sustained move above this level could confirm bullish momentum and open the path for further gains. 25,700 If prices retrace to this zone and hold, we could see renewed buying pressure as investors position for a rebound a decisive break below 25,700 would likely signal a continuation of the downtrend, inviting further downside. In the short term, expect some volatility as the index tests these critical levels. If buying interest remains strong near support, the US100 could resume an upward correction, giving investors an opportunity to take short- to mid-term profits.
You may find more details in the chart.
Trade wisely best of Luck Buddies.
Ps; Support with like and comments for better analysis Thanks for Supporting.
