Dow Jones continues to gain 17/1/2023

The Dow Jones Industrial Average jumped on Wall Street, achieving remarkable gains, surpassing the target at 34180, to record its highest level of 34,470, taking advantage of the decline in inflationary pressures in the United States of America.

On the technical side today, we are inclining towards positivity in our trading based on the stability of daily trading above the support level of 33,380, which is accompanied by the positive impulse of the simple moving average, in addition to the continuation of the RSI’s defence of the bullish direction.

Therefore, the bullish scenario is the most likely during today’s session, targeting 34,355 as the first target, and its breach enhances the gains towards 34,455.

A decline below 33,380 will lead to a retest of the main support 341,80, before attempting to rise again.

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 34165	R1: 34355
S2: 34080	R2: 34455
S3: 33980	R3: 34540