Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The positive moves continued to dominate the Dow Jones Industrial Average, as we expected, surpassing the required target mentioned in the previous report, located at 30,200, recording its highest at 30,263.
On the technical side, with the index price above the previously breached resistance-into-support 30,000, in addition to the index continuing to get positive signals coming from the RSI on short time frames.
Therefore, the bullish scenario will remain valid and effective, knowing that the confirmation of the breach of 30,150 will accelerate and confirm the strength of the daily bullish trend towards the next targets at 30,210 then 30,310.
On the downside, trading below 30,000 delays the bullish chance, but does not cancel it, and we may witness a re-test of 29,920 before rising again.
| S1: 30060 | R1: 30215 |
| S2: 30000 | R2: 30315 |
| S3: 29910 | R3: 30370 |
