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The Dow Jones Industrial Average surged during the last session, reaching a high of 43550, surpassing the previously targeted level of 43520.
Technical Outlook:
We maintain a cautiously positive stance, relying on the stability of trading above 43310, with support from the simple moving averages and the Stochastic indicator positioned near overbought levels. If 43550 is breached, it opens the possibility for gains towards 43605, with potential for the trend to extend to 43720.
On the downside, if the index falls below 43310, it could lead to temporary negative pressure, aiming to retest 43130.
Warnings:
- The risk level is high and may not align with the expected return.
- Given ongoing geopolitical tensions, all scenarios remain possible.
Disclaimer: Trading in CFDs carries inherent risks, and all scenarios are possible. This analysis is not investment advice but rather an interpretation of the current technical landscape for the Dow Jones Industrial Average.
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