Dow Jones Repeat Attempts to Attack

Mixed trading dominates the Dow Jones Industrial Average in the New York Stock Exchange, to return to the bullish rebound again, building on the support level of 34,600.

Technically, and by looking at the 60-minute chart, we find that the RSI is providing positive signs stable above the 50 mid-line, in addition to attempts to stabilize the index above 34,710.

This increases the possibility that we will witness a rise during the current session, targeting 35,000 first target, and its breach will extend the index’s gains to be waiting for 35,075, and the gains may extend to visit 35,200.

From below, trading stability returns below 34,710, which may put the price under negative pressure, and we will initially witness a retest of 34,650. Note: the level of risk is high, and we await US inflation data, which may have a high impact on the index’s movements.

S1: 34710	R1: 35075
S2: 34470	R2: 35200
S3: 34350	R3: 35440