USTEC remains in a strong uptrend, currently traded around 21,637.20. The price is consolidating near its all-time high, with support from the mid-Bollinger Band and the 50-week moving average. Despite minor fluctuations, the long-term bullish structure remains intact, with no major signs of reversal yet.

The price is moving within the upper Bollinger Band, indicating continued bullish momentum. The 50-week moving average provides dynamic support. The Relative Strength Index (RSI) at 60.52 suggests the market is in bullish territory but not yet overbought. If the price sustains above the mid-Bollinger Band, further upside potential remains strong, while a break below could signal a temporary retracement.

Market Observation & Strategy Advice:
1. Key Resistance: 21,796.00 – A breakout above this level could trigger a rally towards 22,500.00.
2. Key Support: 21,025.30 – The mid-Bollinger Band and 50-week moving average serve as strong support zones.
3. Momentum: RSI at 60.52 indicates bullish strength but still has room before reaching overbought conditions.
4. Trading Strategy: Buy on breakout above 21,796.00, targeting 22,500.00; alternatively, buy on a pullback near 21,025.30, aiming for a rebound.
5. Risk Management: Stop-loss below 20,800.00 to protect against downside risks.

Market Performance:
Index             Last Price     % Change
S&P 500         6,068.50        +0.03%
Dow Jones     44,593.65.     +0.28%
FTSE 100.         8,777.39        +0.11%

Today’s Key Economic Calendar:
AU: Home Loans QoQ
CN: New Yuan Loans
US: Core Inflation Rate YoY & MoM