Dow Jones Stable Above Support

A bullish bias continues to dominate the moves of the Dow Jones Industrial Average, to succeed in reaching its highest price during the previous trading session at 33,430.

On the technical side today, the index’s movements are still stable above 33,255/33,250 accompanied by the stability of the RSI indicator above the 50 midlines, in addition to the attempts of Stochastic to get rid of the negativity.

We tend to be positive, targeting 33,420 the first target, bearing in mind that confirming its breakout maximizes the index’s gains, so the way is directly open towards 33,500/33,510.

A break of 33,250 is able to thwart the attempts to rise and puts the index under negative pressure, targeting 33,170.

Note: The risk level may be high.

S1: 33255	R1: 33420
S2: 33175	R2: 33510
S3: 33090	R3: 33590