Dow Jones Retests Support 6/10/2025

The Dow Jones Industrial Average (DJI30) extended its bullish momentum, successfully reaching the target mentioned in the previous report at 47,140, and posting a new session high of 47,163.

Technical Outlook – 4-Hour Timeframe:

The 50-day Simple Moving Average (SMA) continues to act as dynamic support, reinforcing the broader bullish structure and maintaining positive momentum in the short term.

The Relative Strength Index (RSI) remains in positive territory, confirming buying dominance, though early signs of overbought conditions suggest the potential for a short-term technical correction before resuming the uptrend.

Probable Scenario:
A limited pullback is likely if intraday trading remains below the 47,160 resistance level, with the index potentially retesting 47,090 before rebounding higher.

However, a confirmed breakout above 47,180 could reactivate the bullish momentum and open the way toward 47,225 as the next resistance level.

Warning:
While a short-term decline would be a natural corrective move within the prevailing uptrend, traders should remain cautious. Risk remains elevated amid global trade and geopolitical tensions, and price volatility may not be proportional to the potential reward.

Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.

S1: 47080	R1: 47180
S2: 47020	R2: 47225
S3: 46980	R3: 47285