Dow Jones continues to move positively 6/10/2022

The Dow Jones Industrial Average reached the official target during the previous analysis at 30,510, recording its highest level at 30510.

Today’s technical aspect indicates the possibility of continuing the rise, relying on the index’s base building above 30,200, and in general, above the previously breached resistance intp support of 30,080, counted by the positive motive of the 50-day simple moving average.

Therefore, the continuation of the rise is most likely during today’s trading session, targeting 30,660 first target, considering that skipping upwards and coherence above 30,660 extends the index’s gains, opening the door towards 30,870 unless we witness any trading below 30,200.

Note: The risk level is high.

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: 30080	R1: 30660
S2: 29715	R2: 30875
S3: 29500	R3: 31240