Dow Jones Losing Ground, Eyes on U.S Jobs

Negative movements dominated the Dow Jones Industrial Average, surpassing the official target required to be achieved during the previous technical report at 30,800, to record its lowest price, at 30,512.

On the technical side, the RSI indicator tends to be negative, in addition to trading stability below the previously broken support level of 31,100, which has now been turned into a support level. Thus, the bearish tendency is likely during the coming hours, provided that 30,770 is confirmed, and this will facilitate the task required to visit 30,520 and then 30,430.

From the top, crossing to the upside and rising above 31,100, and most importantly 31,150 negates the suggested scenario, and the index will recover to a target of 31,430.

Note: The level of risk may be high today.

S1: 30430	R1: 31350
S2: 30000	R2: 31850
S3: 29510	R3: 32270