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Dow Jones Industrial Average Technical Analysis
The Dow Jones Industrial Average on the New York Stock Exchange has advanced in line with the bullish trend outlined in our previous technical report, reaching the official target of 48,800 and recording a session high of 48,810.
Technical Outlook – 4-Hour Timeframe:
Price action remains above the 50-day simple moving average, supporting the likelihood of sustained gains. The Relative Strength Index (RSI) continues to reinforce the uptrend, maintaining positive momentum.
Bullish Scenario: With the index holding above 48,500, the uptrend is the most probable outcome for today’s trading session. The initial target is 48,930, with potential gains extending toward 49,100.
Bearish Scenario: A break below 48,465 would invalidate the bullish scenario and expose the index to downward pressure, with an initial target of 48,170.
Risk Considerations:
The current risk environment remains elevated amid ongoing trade and geopolitical tensions. Multiple scenarios remain viable, and appropriate caution is advised.
Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.
| S1: 48465 | R1: 48930 |
| S2: 48170 | R2: 49100 |
| S3: 47990 | R3: 49395 |
