Dow Jones Retested Support

Mixed trades dominated the movements of the Dow Jones Industrial Average during the previous trading session, touching the first target to be achieved located at a 30,985, recording its highest price 31,015.

On the technical side today, and with a closer look at the 60-minute chart, we find the RSI indicator is still continuing to obtain bullish momentum, in addition to trading stability above the support level 30,660 and generally above 30,615.

Therefore, a bullish bias is likely today, targeting 30,960, knowing that breaching it increases the possibility of touching 31,160.

Trading again below 30,615 is able to completely cancel the bullish scenario, and we may witness a strong bearish tendency with initial target around 30,470.

Note: The risk level may be high today.

S1: 30615	R1: 30960
S2: 30465	R2: 31160
S3: 30270	R3: 31310