Dow Jones Continues to Rising

Positive trades dominated the movements of the Dow Jones Industrial Average, and the index still maintained positive stability, recording its highest level during the previous session, 34,960.

On the technical side, the bullish bias is still likely, depending on the indicator’s continued obtaining positive signals from the RSI and its stability above its mid-line, coinciding with the positive motive of the 50-day moving average.

Therefore, the bullish bias remains valid and effective, knowing that confirming the breach of 34,690 increases and accelerates the strength of the bullish trend so that the road is directly open towards 34,780, and then 34,870 next official station.

To remind that activating the bullish scenario depends mainly on trading stability above 34,500, and breaking the mentioned level puts the index under negative pressure, targeting 34,420/34,410 initially, and it may extend later towards 34,320.

Note: The risk level is still high.

S1: 34500	R1: 34690
S2: 34410	R2: 34780
S3: 34320	R3: 34870