Dow Jones Maintains Gains

We adhered to intraday neutrality during the previous analysis, due to the high-risk rates as a result of conflicting technical signals, explaining that activating the buying positions requires witnessing a clear and strong breach of the resistance level 34,660, and that may enhance the chances of rising towards 34,720 to succeed in touching the required target, recording its highest level at 34,752.

On the technical side, today, we tend to the positivity, relying on the stability of the RSI above its mid-line, in addition to the index’s pivoting above the support level of 34,630 and in general above 34,560.

Therefore, the bullish scenario will remain valid and effective, targeting 34,830 first target, taking into consideration that the confirmation of breaching the mentioned level extends the gains of the index so that the path is directly open towards 34,935.

From below, the stability of trading below 34,630 postpones the bullish bias but does not cancel it, and we may witness a retest of 34,560 before attempts to rise again.

Note: The level of risk is high.

S1: 34560	R1: 34830
S2: 34375	R2: 34935
S3: 34275	R3: 35120