Dow Jones May Witness Attempts to Recover

The Dow Jones Industrial Average witnessed negative trading during the previous session, after finding a strong resistance level around 34,070.

On the technical side, we tend to be positive, but cautiously, relying on the index’s success in stabilizing intraday above 33,650, accompanied by the RSI’s continuous attempts to obtain bullish momentum.

Therefore, we may witness an upward trend in the coming hours, targeting 34,000, and then 34,075 next stations, targets may extend later to visit 34,170.

Activating the bullish scenario requires stability above 33,650, and breaking it is capable of thwarting the attempts to rise and putting the index under strong negative pressure, targeting 333701.

Note: The risk level is high.

S1: 33595	R1: 34075
S2: 33370	R2: 34310
S3: 33130	R3: 34535