US30 Intra-Week Analysis Dec 5th, 2023

Us30 has continued its bullish rally, breaking out above the 35600 level and previous highs. This is a strong indicator that us30s bullish momentum is not over and with economic data supporting this we could easily see price reach new All-Time-Highs. After last weeks bullish move us30 is now trading in a demand zone between 36000-36300, as buyers begin taking profits slightly under previous ATHs. What we can expect to see is similar to last weeks analysis, if price breaks and trades below the 36000 level expect a bearish move potentially back to 35600 before we see anymore bullish momentum. Otherwise if price breaks out above 36300 we will likely see it back at ATHs.