US30 Technical Breakdown – 12/04/2025

📍 US30 Technical Breakdown – 12/04/2025

US30 pushed back into the 47,950–48,000 resistance zone after a clean trend continuation, with price now stalling near the highs. Bulls remain firmly in control as EMAs continue to slope upward, but momentum is slowing as we approach a major supply area 🔍📈.

📊 Market Behavior:
🔹 Strong push into 48,000 → buyers testing major resistance
🔹 EMAs wide + rising → bullish momentum still intact
🔹 Small consolidation forming → early signs of exhaustion
🔹 Higher lows consistently defended → bulls still holding structure

📌 Key Levels:

🔹 Resistance:
48,000 → major psychological level + current rejection
47,955 → intraday supply (current stall zone)
47,780 → key prior breakout level

🔹 Support:
47,720 → immediate intraday support
47,560 → secondary support / EMA zone
46,960 → deeper demand if trend breaks

🧠 Bias:
Bullish while above 47,720 📈
📈 Break & hold above 48,000 → continuation toward 48,200 → 48,350
📉 Break below 47,720 → opens path to 47,560 → 47,300