The Dow Jones Repeats Its Attempts

Mixed trading dominates the movements of the Dow Jones Industrial Average, benefiting from stability above the strong support level 35,380, which forced the index to rebound upwards again.

Technically, and with careful consideration on the 60-minute chart, the RSI started gaining more bullish momentum, in addition to the stability of the intraday trading above 35,600.

This increases the possibility of witnessing a bullish bias during today’s trading session, but with caution, provided that we witness a breach of 35,740, and this enhances the chances of a rise towards 35,840, taking into account that the confirmation of breaching 35,840 quickly increases the strength of the bullish bias, paving the way for the index to achieve gains towards the 35,960 areas.

Trading below 35,480 can ultimately thwart the suggested bullish scenario and put the price under strong negative pressure, targeting 35260. Alert: The risk level is high.

S1: 35485	R1: 35840
S2: 35260	R2: 35960
S3: 35135	R3: 36185