Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average achieved good gains by the end of the trading week, approaching by a few points at the first official target required to be achieved around 35,440 to settle for recording the highest 35,424.
On the technical side today, positive signs are coming from the RSI over the short intervals and the index holding the price steady above the support level of 35,250.
Although we tend to be positive, we prefer to wait for the breach of 35,440 to enhance the chances of a rise towards 35,485, a first target, and gains may extend later to visit 35,570 35,700 areas.
In the event that the 35,250 support level is confirmed, this will renew the chances of controlling the bearish trend so that the road will be directly open towards 35,110 and 35,050. Note: The level of risk is high.
| S1: 35255 | R1: 35485 |
| S2: 35110 | R2: 35570 |
| S3: 35030 | R3: 35710 |
