Dow Jones Continues to Climb Ahead of the US Data

Positive trading dominated the moves of the Dow Jones Industrial Average within the expected upward path, surpassing the second target required to be achieved at 30,050, posting a high of 30,089.

Technically, The index continues to obtain a positive stimulus from the 50-day moving average, in addition to stochastic around overbought areas.

From here, with intraday trading above 29,850 and in general, above 29,800, the bullish bias is likely today, targeting 30,090, and its breach extends the index’s gains, opening the way towards the second target 30,140 then 30,200.

The return of trading to stability again below 29,800 will immediately stop the expected rise and put the price under negative pressure with initial target 29,620.

Warning: US jobs data are due later today

S1: 29805	R1: 30140
S2: 29610	R2: 30280
S3: 29470	R3: 30470