Dow Jones is Trying to Get Rid of The Negativity 13/1/2022

Positive trades dominated the movements of the Dow Jones Industrial Average on Wall Street yesterday, within the expected bullish context, recording its highest level at 36328.

Technically, today, we notice that the index is trying to repeat its attempts to rise, stable above the 36,000 support level, accompanied by clear positive signs on the 14-day momentum indicator.

Therefore, there may be a possibility of a rise today, provided that we witness a clear and strong breach of the 36,130 resistance level, which may enhance the index’s gains, paving the way to visit 36,270 then 36,370, respectively.

Stability below the psychological support floor of 36,000 puts the price under temporary negative pressure, targeting 35,970 and 35,860.

Note: The risk level is high.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 35970	R1: 36270
S2: 35860	R2: 36445
S3: 35680	R3: 35560