Dow Jones Maintains Its Bullish Corrective Slope

Positive attempts dominated the movements of the Dow Industrial Index during the previous trading session within the bullish context, as we expected, recording its highest level at 33,960.

On the technical side today, the stability of trading above the 33,730 support level above 33,630 are technical factors that support the return of the rally, and we find that the RSI is still providing positive signals. We maintain our positive expectations, but with caution, knowing that the confirmation of breaching 33,860 is a catalyst that increases the chances of touching 33,945 and then 34,000, taking into consideration that trading above 34,000 increases and accelerates the strength of the bullish trend, so we are waiting for 34,060 and 34.160.

Only from below, confirmation of breaking 33,630 will immediately stop any attempts to rise and put the index price under strong negative pressure, its initial target is 33,520. Note: The risk level is high.Note: The risk level is high.

S1: 33730	R1: 33945
S2: 33630	R2: 34160
S3: 1.2180	R3: 34370