Home / Technical Analysis / Daily Technical Analysis / Dow Jones is Making Good Gains
Dow, Technical Analysis, Stocks

Dow Jones is Making Good Gains

The Dow Jones Industrial Average in the New York Stock Exchange achieved the official bullish target during the last trading session at 36,180, recording its highest level at 36,175.

Technically, today, we tend to be positive, but cautiously, relying on the stability of the intraday trading above the support level of 35,940 and in general above 35,900, in addition to the clear positive signs RSI and its stability above the mid-line.

Therefore, we may witness a bullish bias in the coming hours, as long as we maintain trading above the mentioned support levels, targeting 36,125 first target, and breaching it enhances the chances of visiting 36,260.

Trading below the support level 35,900 can thwart the above-suggested scenario, and the bearish trend returns to impose its control over the index, with an initial target of 35,680.

Note: the level of risk is high.

S1: 35900R1: 36125
S2: 35800R2: 36260
S3: 35680R3: 36350

Check Also

Oil is based on support 25/11/2024

US crude oil futures closed last week’s trading on a positive note, reaching a high …