Dow Jones Continues to Advance 21/3/2022

The Dow Jones Industrial Average continues to provide positive moves after it succeeded in building support at 34,290 and above 34,180. It is witnessing stability near its highest level during the morning session of the current session around 34,500.

On the technical side today, and with careful consideration on the 60-minute time frame, we find that the RSI is stable above the 50 mid-line, trying to obtain bullish momentum, accompanied by the positive motive for the 50-day moving average.

There is a possibility to continue rising during the session to visit 34,720 initial stations. Its breach is a catalyst that extends the index’s gains towards 34,950 waiting stations as long as stable above 34,180.

A decline below 34,180 can thwart the index’s attempts to rise during the session, and we may witness a visit to 33870.

Note: The risk level is high.

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

S1: 34180	R1: 34720
S2: 33870	R2: 34950
S3: 33640	R3: 35260