Dow Jones Maintains a Bullish Path

The Dow Jones Industrial Average maintains its recent gains after successfully establishing a good support floor near the 29060 level.

Technically today, we find RSI continues to defend the upside, in addition to building the index price above the aforementioned support level accompanied by the positive stimulus of the 50-day moving average.

We maintain the positive outlook targeting 29440, the first target, knowing that the confirmation of the price breaching the aforementioned level accelerates and confirms the strength of the daily bullish trend to looking for 29600.

Activating the suggested scenario depends on trading remaining above 29060/29030, and breaking it delays the bullish chances, but does not cancel it, and we may witness a bearish tendency with the target of 28930. Warning: The risk level is still high.

S1: 28925	R1: 29440
S2: 28730	R2: 29760
S3: 28410	R3: 29950