US30 / Consolidation 41565 - 41340

Futures kick off Fed meeting week on a cautious note
U.S. stock index futures were flat to slightly higher on Monday as caution prevailed ahead of a pivotal monetary policy decision by the Federal Reserve later in the week, with investors pricing in a steep reduction in borrowing costs.


Technically:
The price will touch 41565 and then by stabilizing under it, will consolidate between 4155 and 41340 till breaking

However, stability above 41565 will be uptrend toward 41800, Otherwise, stability under 41340 will support falling toward 41030

Key Levels:
Pivot Point: 41565
Resistance Levels: 41700, 41800, 41950
Support Levels: 41340, 41030, 40800

Trend:
- Consolidation 41565 - 41340
- Uptrend above 41565
- Downtrend below 41340