Dow Jones to The Upside

The Dow Jones industrial average started trading today with a slightly bullish bias after it managed to build a base on the support floor 30,730/30,720.

On the technical side, today we are biased towards the positive, but cautiously, depending on the positive signals coming from the RSI.

Therefore, with the price remaining above the mentioned support floor, the bullish bias is likely today, targeting 30,970 the first target, then 31,095 a next stop.

To remind you that trading again below 30,700 negates the suggested scenario and puts the price under negative pressure again, with the target of 30,670 and 30,500, respectively.

Note: The risk level appears high today.

S1: 30510	R1: 30860
S2: 30330	R2: 31030
S3: 30165	R3: 31210