US100 Consolidation bearish Builds as bears downside US100SKILLING:US100MR_GOLD_12US100 is showing clear signs of selling pressure after rejecting the 30,000–30,250 resistance area. Price has now moved back toward the lower part of the current trading range, indicating that sellers are gaining control. Tecnically weakness is also supported by the current macro environment. U.S. Treasury yields moved higher again, with the 10-year yield around 4.7% and the 30-year yield above 5.2%. Higher yields generally put pressure on growth and technology stocks because they increase the discount rate applied to future earnings. At the same time, rising oil prices and renewed Middle East tensions are adding to inflation concerns. Recent Fed minutes also showed that policymakers remain concerned about inflation, keeping the market cautious about the future path of interest rates. Resistance: 29,750 → 30,000 → 30,250 Support: 29,000 → 28,734 → 28,300 Technically, the key level is 29,000. A confirmed break below this area could accelerate the bearish move toward 28,734, followed by 28,300 as long as US100 remains below the major resistance zone, every rejection can bring renewed selling pressure toward the lower support levels. Hope you found this analysis helpful. 👍 Like, Comment & Follow for more updates. Trade safe.