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The Dow Jones Industrial Average successfully reached the first target of 44,120, recording a high of 44,125.
Technical Outlook
- Bearish Scenario: The 44,120 resistance level proved strong, triggering downside movement. On the 4-hour chart, the 50-day simple moving average is exerting downward pressure, while the Stochastic indicator is hovering near oversold levels. This setup suggests the potential for further declines, with 42,930 as the next downside target before reassessing the trend.
- Bullish Scenario: A return to stability above 43,460 may halt the current bearish trend, allowing for a recovery towards 43,840.
Risk Warning: Given ongoing market uncertainties, price fluctuations remain elevated, 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.
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