Dow Jones is trying positively 24/11/2022

Trading tended to be positive and dominated the movements of the Dow Jones Industrial Average on Wall Street, within the expected bullish track, touching the first target published during the last report at 34,270, recording its highest level at 34,265.

Technically, the stochastic was centred around overbought areas, supporting the possibility of an incline and the positive impulse from the simple moving averages.

The stability of daily trading above 34,075, and more importantly, 34,000, supports the bullish bias, knowing that the index price’s consolidation above the 34,270 level facilitates the task required to visit 34,335, and then 34,430 as the next station, as long as trading is stable above 34,000.

Note: US markets are on holiday due to Thanksgiving and volumes are light

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: 34075	R1: 34335
S2: 33910	R2: 34430
S3: 33810	R3: 34590