Dow Jones Looking For Bullish Momentum

Positive trades dominated the Dow Jones Industrial Average on Wall Street, touching support level 34,470, recording its highest level at 34,725.

On the technical side, today, we tend to the positive side, but cautiously, relying on the positive signals coming from the RSI and its stability above its mid-line on short intervals, in addition to the stability of trading above the aforementioned support.

Therefore, the bullish bias is likely today, targeting 34,775 first targets, knowing that the confirmation of its breach extends the index’s gains, opening the way to visit 34,850 and 34,880, respectively.

Activating the bullish scenario requires daily stability above 34,510 and generally above 34,470, knowing that breaking the latter puts the index price under negative pressure to retest 34,350.

Note: The risk level is high.

S1: 34510	R1: 34775
S2: 34350	R2: 34880
S3: 34245	R3: 35045