Dow Jones

Key Indicators

• Price action remains weak. However, the price is approaching a key area of interest, where ascending trendline support aligns with the 52,800 zone, which could act as a demand area. Therefore, closely monitor the next US trading session for further technical rebound if the price stays above the support zone.

Fundamental Context

Investors should also closely monitor the upcoming July FOMC meeting minutes, as market volatility is expected to increase around its release. While short-term volatility may present upside risks, the broader trend remains bearish.