Dow Jones Hovering Over Support

The Dow Jones Industrial Average declined in the New York Stock Exchange during the previous trading session, after hitting the resistance level of 33,870.

Despite the bearish bias, the index managed to settle above the support level published during the previous report, located at 33,660, and we find that the RSI indicator is still trying to obtain bullish momentum again over short periods of time.

Therefore, we may witness a bullish bias during the coming hours, targeting 33,680 the first target, knowing that the breach of the aforementioned level enhances the chances of an upside move towards 33,930.

Only from below the break of the strong support level 33,680 and the price stabilizing below it will immediately stop any attempts to rise, and the Dow Jones witnesses strong negative pressure targeting 33,580 and losses may extend later towards 33,470.

Note: the level of risk remains high.

S1: 33645	R1: 33820
S2: 33580	R2: 33930
S3: 33470	R3: 34000