Dow Jones Maintains The Bullish Path

The Dow Jones Industrial Average maintains the gradual upward trend, approaching the first target mentioned in the previous report, located at 29,960, recording its highest levels at 29,937.

On the technical side, with the index consolidating above the 29,730/29,710 support floor, accompanied by positive signs of RSI.

Therefore, we maintain our positive outlook, provided that the breach of 29,845 is confirmed which confirm the bullish trend, with initial targets starting at 29,985/30,000, noting that breaching 30,000 extends the index’s gains, opening the way directly towards 30,050 and then 30,130 respectively.

On the downside, a break of the support level 29,710 will postpone chances for a bullish move, and we witness a retest of 29,630 areas.

S1: 29635	R1: 29985
S2: 29435	R2: 30135
S3: 29285	R3: 30330