Dow Jones start positive 1/6/2022

Mixed trading dominated the movements of the Dow Jones Industrial Average during the last session’s trading, recording its lowest level at 32,270 before heading to record gains around 33,220.

Technically and carefully considering the 60-minute chart, the index is stable above the 32,825 support level, accompanied by the RSI getting stable positive signs above the mid-line 50.

There is a possibility of an upward bias during the day. Still, with caution, provided that we witness a clear breach of the 33,150 resistance level, to encourage to visit 33,330 as an initial station, its targets may extend later to visit 33,400 as long as the indicator maintains positive stability above 32,825.

Note: The risk level is high.

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: 32825	R1: 33330
S2: 32520	R2: 33530
S3: 32290	R3: 33830