Dow Jones tends to go up 25/1/2023

Trading tended to be positive, dominating the Dow Jones Industrial Average on Wall Street, approaching by a few points the official target station during the technical report yesterday at 33,840, to settle for recording the highest 33,810.

Technically, we tend to be positive, but with caution, depending on the positive signals from the RSI above the mid-line 50, in addition to the stability of daily trading above the support level of 33,600, and the most important 33,570.

Therefore, the possibility of continuing the rise is still intact, targeting 33,860 and 33,900 as initial targets, and its penetration is a catalyst that enhances the chances of ascending towards 34,000.

A decline below 33,570 can thwart the suggested bullish scenario and put the index under negative pressure with a target of 33,420.

Note: The risk level is high.

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: 33420	R1: 33860
S2: 33180	R2: 34050
S3: 32985	R3: 34290