Dow Jones continues its gradual rise 29/3/2022

The Dow Jones Industrial Average continues to maintain its bullish track heading to visit the official target station during the last analysis at 34,900, recording its highest price of 34,900.

On the technical side today, and carefully looking at the 60-minute chart, we notice that the RSI continues to defend the bullish trend, stable above the mid-line 50, and the index’s pivoting above the support floor of 34,580.

Therefore, there may be a possibility of continuing the rise in condition of breaching 34,880, which is a catalyst that enhances the chances of the index rising to visit 35,030 next station. Furthermore, its breach increases the strength of the daily bullish trend towards 35,195 as long as the price is stable above 34,580.

The decline below the mentioned support floor can thwart the bullish scenario and lead the index to enter the selling waves with a target of 34,280.

Note: The risk level is high.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 34500	R1: 34820
S2: 34350	R2: 34990
S3: 34185	R3: 34145