Dow Jones Based on Support

The positive attempts of the Dow Jones Industrial Average on Wall Street continue to maintain the gains it made during this week’s trading.

Technically, and with a closer look at the 60-minute chart, we find the RSI indicator is still providing positive signals, accompanied by the positive motivation of the 50-day moving average.

From here and with the stability of the intraday trading above the support level of 29680/29660, the bullish bias is likely today, provided that the breach of 29800 is confirmed, and this is a catalyst factor that enhances the chances of the rally to visit 29,890/29,900 and after that 30,000, taking into account that the breach of the psychological barrier 30,000 extends the gains of the index to be waiting for 30,100.

Returning to trading stability below 29,680 negates the activation of the suggested scenario and puts the price under temporary negative pressure targeting 29,580, and then 29,480. Warning: The level of risk may be high today.

S1: 29680	R1: 29890
S2: 29580	R2: 30000
S3: 29475	R3: 30100