Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Negative trading dominated the Dow Jones Industrial Average, touching the official target to be achieved last Friday, located at 30,900, recording the lowest price of 30,865.
On the technical side, trading has stabilized today above the support level at 30,825, accompanied by the index obtaining positive signs from the RSI.
Therefore, we may witness a bullish tendency during the coming hours targeting 31,390/31,395, knowing that confirming the breach of the aforementioned level is a catalyst that increases the possibility of touching 31,490.
Confirmation of breaking 30,800 will immediately stop the attempts to rise, and we witness strong negative pressure targeting 30,560.
Note: The risk level may be high.
| S1: 30825 | R1: 31395 |
| S2: 30560 | R2: 31700 |
| S3: 30250 | R3: 31970 |
