Dow Jones is stable below resistance 13/9/2023

The Dow Jones Industrial Average achieved the official target required during the previous trading session, which was 34,570, recording its lowest level of 34,557.

Technically, the 4-hour chart shows that the Relative Strength Index continues to defend the downward trend, accompanied by negative pressure on the simple moving averages.

From here, with the price basing itself below the strong resistance level 34,710 and more importantly, 34,730, the bearish bias is the most likely during the day, targeting 34,490 and then 34,365.

From above, the price consolidated again above the pivotal resistance of 34730, leading the index to recover directly towards 34,810 and 35,000.

Note: Consumer Price Index,” and we may witness high price fluctuations when the news is released.

Note: The risk level may be 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: 34490	R1: 34810
S2: 34365	R2: 35000
S3: 34170	R3: 35130