Dow Jones Maintains a Bullish Path

The Dow Jones Industrial Average continues to rise, maintaining the positive stability above the strong 34,090.

On the technical side today, and with a closer look at the 60-minute chart, we find the RSI trying to maintain the bullish momentum, in addition to stochastic concentrating around overbought areas.

With intraday trading remaining above 34,160, the bullish bias is the most preferred today, provided that the breach of 34,275 is confirmed, and this facilitates the task required to visit the first target 34,370/34,380 knowing that confirming its breach increases and accelerates the strength of the daily bullish trend so that we are waiting for 34,500

From the bottom, the return of trading stability below 34,160 delays the bullish chances, but does not cancel it, and we may witness a bearish tendency aimed at re-testing 34,090/34,070 before rising again.

Note: The level of risk is high

S1: 34160	R1: 34380
S2: 34070	R2: 34510
S3: 33940	R3: 34595