Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average started its first weekly trading within a positive but still limited trend, benefiting from stability above the 35,910 support level and is now hovering around its highest level during the early trading of the current session around 36,012.
On the technical side, we tend to be positive, but cautiously, relying on intraday stability above the mentioned support level and generally, above 35,880, in addition to the positive RSI signals on the short-term time frames.
Therefore, we may witness a bullish bias in the coming hours, targeting 36,100/36,095 first target, and its breach is a catalyst that contributes to achieving more intraday gains towards 36,180.
Activating the above-suggested scenario depends on the stability of the daily trading above the 35,880 level. Breaking it will lead the index to the official descending path so that we will be waiting for 35,665 waiting stations.
| S1: 35880 | R1: 36095 |
| S2: 35750 | R2: 36180 |
| S3: 35665 | R3: 36305 |
