Dow Jones may resume rising 27/12/2023

Positive trades continue to dominate the movements of the Dow Jones Index on the Wall Street Stock Exchange, recording its highest level during the previous trading session at 37962.

On the technical side today, we tend to be positive in our trading, relying on the 50-day simple moving average continuing to provide a positive incentive, in addition to trading stability above the 37750 support level.

Therefore, the possibility of a rise is still present and effective, but with caution, knowing that confirming the breach of 37960 is an essential condition for continuing the rise towards 37795, and breaching it increases and accelerates the strength of the daily upward trend, opening the way directly to visit 38110 and 38250.

From below, the return of trading stability below 37750 invalidates the activation of the proposed scenario, and we witness a trading session that tends to be negative, with targets starting at 37590.

Warning: The level of risk is high amid continuing geopolitical tensions, and we may witness high price volatility.

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 37750	R1: 37995
S2: 37590	R2: 38110
S3: 37475	R3: 38250