Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Strong declines dominated the movements of the Dow Jones Industrial Average yesterday within the bearish path mentioned in the previous analysis, touching the official target station at the price of 31150, recording the lowest price of 30985.
On the technical side today, with the index falling to maintain trading above 31,320 and the most important 31,350, which is due to the RSI having bearish momentum.
Therefore, the bearish trend is likely today, knowing that confirming a break of 31,110 puts the price under negative pressure, its initial target 30,900, while the official target is around 30,800.
From the topside, stability above 31,350 negates the bearish scenario, and the index regains its recovery with the first target of 31,520.
| S1: 30900 | R1: 31520 |
| S2: 30630 | R2: 31875 |
| S3: 30280 | R3: 32145 |
