Dow Jones Maintain Gains

The Dow Jones Industrial Average opened its first weekly trading on the upside, posting its highest level during the morning session at 29720.

Technically, looking at the 60-minute chart, we find the RSI continues to defend the bullish bias in conjunction with the positive signals of the 50-day moving average.

The bullish scenario will remain intact, targeting 29,960 as a first target, followed by 30,000, knowing that breaking the latter extends gains towards 30230.

Returning to stability below 29270 negates the suggested scenario and puts the price under negative pressure, targeting 29180. Note: the risk level is still high.

S1: 29185	R1: 29965
S2: 28670	R2: 30230
S3: 28410	R3: 30740