Dow Jones tries to hold above support 28/1/2025

The Dow Jones Industrial Average is experiencing downward corrective movements on Wall Street, trading within a broad price range.

From a technical standpoint, the index is currently attempting to stabilize above the immediate support level of 44595, with the simple moving averages continuing to provide a positive incentive, supporting the likelihood of a potential upward move.

As long as trading remains stable above the aforementioned support level, there is a possibility of an upward movement targeting 44960, with gains potentially extending further toward 45130.

However, if the hourly candle closes below 44595, it could subject the index to negative pressure, potentially leading to a decline toward the 44220 region.

Caution: The risk level is elevated amid ongoing geopolitical tensions, and 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.

S1: 44205	R1: 45130
S2: 43645	R2: 45490
S3: 43285	R3: 46050