Dow Jones is under selling pressure 23/12/2022

Negative trading dominated the movements of the Dow Jones Industrial Average during the New York Stock Exchange during the previous trading session, recording its lowest level of 32570.

Technically, we find the simple moving averages pressuring the price from above, and this comes in conjunction with the clear negative signs on the RSI, stable below the 50-centre line on the 60-minute time frame.

We tend to be negative with caution, and we wait for a break of 32960, which facilitates the task required to visit 32850, and then 32730, as long as trading is stable below 33190.

Caution: The level of risk is high and not commensurate with the expected return.

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 32615	R1: 33500
S2: 32150	R2: 33925
S3: 31730	R3: 34390