Dow Jones Extends Its Gains

The Dow Jones Industrial Average jumped on Wall Street to achieve strong gains again, touching the first official target to be achieved at 31,070, recording its highest price of 31,163 during early trading for the current session.

On the technical side today, by looking at the chart, we see the stochastic indicator is still consolidating around overbought areas, supported by the continuation of the RSI indicator showing upward momentum.

Consequently, the bullish scenario will remain valid and effective targeting 31,270/31,280 as the first target, and then 31,380. The bullish scenario requires stability in general above 30,940.

S1: 30910	R1: 31280
S2: 30665	R2: 31410
S3: 30540	R3: 31650