The Dow Jones Industrial Average continues its positive attempts within a gradual ascent to the upside, reaching its highest level during the American period of the previous session at 35450.
On the technical side, we tend to be positive, but cautiously, relying on the stability of the RSI above the mid-line 50 and getting more bullish momentum, in addition to the stability of trading in general above the 35,050 support level.
Therefore, the bullish bias is the most preferred today, provided that the breach of 35,280 is confirmed, and that is a motivating factor that facilitates the task required to visit 35,330 and 35,460 respectively.
Confirmation of breaking 35,050/35,045 is able to completely thwart the bullish scenario and put the index price under strong negative pressure, targeting 34,830. Note: the risks are high.
S1: 35045 | R1: 35465 |
S2: 34830 | R2: 35670 |
S3: 34630 | R3: 35880 |