Dow Jones Based on Support, Eyes on NFP

As we mentioned yesterday, the Dow Jones Industrial Average succeeded in retesting the support level of 35,200, recording its lowest price at 35,240.

On the technical side today, we notice the positive signs coming from the RSI and its stability above the mid-line 50, in addition to the attempts to settle above the support level of 35,320.

Therefore, the bullish bias is preferable today, provided that the breach of 35,500 is confirmed, targeting 35,585, a first target, and its breach can motivate the price to visit 35,670.

On the downside, confirming breaking 35,320 will immediately stop the bullish bias, and we will witness negative movements whose initial target is around 35150.

Note: the level of risk is high. 

Note: NFP is due today and may cause high volatility.

S1: 35320	R1: 35585
S2: 35150	R2: 35675
S3: 35065	R3: 35840