Dow Jones Achieves Record Figure Ahead of Employment Data

The Dow Jones Industrial Average continues to achieve records as we expected, heading to touch the first official target required to be touched during the previous trading session at 31,130, recording its highest level of 13,147 during early trading for the current session.

On the technical side, and with the index succeeding in stabilizing intraday above 30,860, and generally above 30,770, in addition to stochastic around overbought areas. This increases the probability of continuing the rally, knowing that the confirmation of the breach of 31,150 confirms the strength of the upside to touching 31,245 the first target and may extend later towards 31,360.

Note: Trading below 30,770 is able to cancel the attempts to rise temporarily, and we are witnessing a re-test of 30,620.

Note: The risk level may be high today.

Note: The US employment data are due today and may affect the price.

S1: 30865	R1: 31245
S2: 30620	R2: 31370
S3: 30490	R3: 31620