Dow Jones Maintains The Bullish Path

Positive trading dominated the movements of the Dow Jones Industrial Average on Wall Street yesterday, recording its highest level at 32,116.

On the technical side, we tend to be positive, depending on the stability of trading above the support level 31m640, which is constantly waiting for the index to receive positive signals from the RSI on short time frames.

Therefore, the bullish bias is likely today, targeting 32,110 the first target, and a breach of it extends the index’s gains, opening the way to consolidate the gains towards 32,430.

From below, the return of trading stability below 31,640 puts the price under negative pressure, and we may witness a bearish tendency aiming to re-test 31460.

Note: The risk level may be high today.

S1: 31465	R1: 32110
S2: 31145	R2: 32435
S3: 30815	R3: 32750