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The Dow Jones Industrial Average maintained a clear upward trend during yesterday’s session, supported by a strong demand zone near 44,360, which acted as a key pivot for the rebound.
Technical Outlook – Today’s Session:
From a technical standpoint, the simple moving averages are once again offering bullish support, functioning as dynamic levels that reinforce upward momentum. The Relative Strength Index (RSI) continues to defend the overall bullish structure, supporting the case for further gains.
Likely Scenario – Bullish Continuation:
As long as the index trades above 44,510, the bullish outlook remains intact. The next upside targets include:
- 45,000 – a key psychological barrier
- A confirmed break above 45,000 may accelerate the rally toward:
- 45,160 (next key resistance)
- 45,470 (extended target)
Alternative Scenario – Downside Risk:
If the index fails to hold above 44,510, a wave of renewed selling pressure may emerge, exposing the index to a downside move targeting:
- 44,190 as the initial key support level
Caution:
Amid ongoing geopolitical and trade-related tensions, the risk level remains elevated, and traders should prepare for potential volatility. All scenarios remain on the table, and robust risk management is essential.
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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