Dow Jones Settled Above Support

slight Positive Trades dominated the Dow Jones Industrial Average after it managed to build on the support level of 30,000, approaching the required target of 30,260, recording the highest of 30,240.

On the technical side, the RSI indicator is still defending the upside, and this comes in conjunction with the stochastic consolidation around overbought areas.

Consequently, the bullish scenario will remain valid and effective targeting 30,330 as a first target, knowing that its breakout increases and confirms the strength of the upside, targeting 30,470.

From the bottom, the stability of trading again below 30,000/29,980 delays the chances of an upside and we may witness a slight bearish bias that initially targeting 29,930.

Warning: the level of risk remains high.

S1: 29930	R1: 30330
S2: 29685	R2: 30485
S3: 29530	R3: 30730