Technical Analysis of the Dow Jones US30 Index
The Dow Jones US30 index is moving in a downward trend on the hourly chart. Prices have formed a significant selling zone around 49,172, following a liquidity grab above 49,371. Currently, prices are trading around 48,995, and the downward trend is expected to continue throughout the day.

Key Economic News
Markets are awaiting the monthly Producer Price Index (PPI) data today, which is expected to impact U.S. dollar movements and broader indices.

Liquidity Levels
The index is expected to target 48,534, then 48,730.

 The bearish scenario will be invalidated if an hourly candle closes above 49,371.