Dow Jones Dow Jones to Cut Losses 28/1/2022

The Dow Jones Industrial Average found a good support level near 33,580, which forced it to form positive tendencies to retest 34655.

Technically, by looking at the 60-minute chart, we notice the attempts of the 14-day momentum indicator to stabilize above the mid-line 50, in addition to the indicator’s pivot above 33,810.

We may witness a bullish bias in the coming hours, but with caution, once the 34,650 breach is confirmed to achieve intraday gains, with its targets around 34,695 and 34,800 as long as the price is stable above 33,810.

Below the support level 33,810, we will witness a bearish trend again, to be waiting for 33,600 and 33,500, respectively.

Note: The risk level is high.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 33600	R1: 34695
S2: 33035	R2: 35225
S3: 32510	R3: 35790