US100 Consolidation 30K Rejection, Bears Target 29,006 / 28,501US100SKILLING:US100MR_GOLD_12US100 is showing repeated rejection from the 29,800–30,000 resistance/supply zone, with price struggling to establish a sustained breakout above the upper boundary of the current trading range. Tecnically current weakness is also being supported by the macro environment. U.S. Treasury yields have surged, with the 10-year yield reaching around 4.78%, while rising oil prices and renewed geopolitical tensions are increasing inflation concerns. Higher yields can pressure growth and technology stocks because they increase the opportunity cost of holding equities and raise concerns about tighter monetary policy. Markets are also watching upcoming U.S. economic data, particularly jobs and inflation figures, for clues about the Federal Reserve's next move. This is creating a more cautious environment for high-valuation technology stocks. Resistance level ; 29,800 / 30,230 Support level ; 29,100 / 28,500 As long key downside levels on the chart are 29,006 first, followed by 28,501. A decisive break and close below 29,006 would strengthen the bearish continuation setup and could open the way toward the lower liquidity zone Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates. Trade safe.