Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average was able to achieve the official target required to be touched during the previous analysis, located at 34,330, to record its highest level at 34,453.
On the technical side, today we find the 50-day moving average continues to provide a positive motive, accompanied by the RSI’s continued defense of the upside.
From here, trading steadily above 34,320 and in general above 34,190. The bullish bias is likely today, targeting 34,560 a first target, bearing in mind that confirming the breach of the aforementioned level increases and accelerates the strength of the bullish trend to visit 34,690.
The activation of the suggested scenario depends on trading remaining above 34,190.
| S1: 34190 | R1: 34560 |
| S2: 33950 | R2: 34695 |
| S3: 33820 | R3: 34935 |
