Dow Jones Continues to Gain Ground

The Dow Jones Industrial Average witnessed positive trading, surpassing the first desired target mentioned in the previous analysis at 29,870, Posting a high of 29,917.

Technically, looking at the 60-minute chart, we find the RSI is stable above the mid-50 line, accompanied by the positive stimulus coming from the 50-day moving average that continues to hold the price from below.

From here we will maintain our positive expectations towards the next targets 30,045 as a first target followed by 30,225.

Activating the bullish scenario requires stability above 29,620, and breaking the aforementioned level delays the chances of an upside and we may witness 29,550 levels and it may extend to 29,500.

S1: 29555	R1: 30045
S2: 29245	R2: 30225
S3: 29065	R3: 30530