Dow Jones Continues Its Gradual Rise 13/12/2021

Positive trading dominated the movements of the Dow Jones Industrial Average, approaching by a few points from the goal of 36,000, recording its highest level at 35,975.

On the technical side, today we tend to the positive side, but cautiously, relying on the stability of the intraday trading above the support level of 35,780, accompanied by the continuation of the RSI’s defense of the bullish direction, in addition to the stochastic positioning around the overbought areas.

Today, we target 36,000 first targets, considering that confirming its breach extends the index’s gains to open the door for 360,65 and 36,165, respectively.

The breach below the support level 35,780 postpones the chances of a rise but does not cancel it, and we should witness a retest of 35,600 before attempting to rise again.

Note: The risk level is high.

S1: 35780	R1: 36065
S2: 35610	R2: 36150
S3: 35510	R3: 36325