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Dow Jones Industrial Average (DJIA) Technical Analysis
Negative price action has dominated the Dow Jones Industrial Average on Wall Street, with the index kicking off the week on a clear downward footing.
Technical Outlook for Today’s Session – 4-Hour Timeframe:
On the short-term horizon, the bias leans firmly bearish, as the simple moving averages have re-emerged to impose downward pressure on the price from above. The 50-period moving average is converging around the 49,470 resistance zone, lending additional strength to this bearish outlook.
The Relative Strength Index (RSI) is likewise broadcasting negative signals across the medium-term timeframes, reinforcing the deteriorating momentum picture.
Bearish (Most Likely) Scenario:
Trading beneath 49,470 — and more broadly below 49,580 — supports the continuation of the downtrend, with 49,065 set as the initial target. A decisive break below this level would propel the index toward further losses targeting 48,910 as the subsequent objective.
Bullish Scenario:
Conversely, a sustained recovery and stabilization above 49,580 could enable the index to claw back its losses, with 49,870 emerging as the initial upside target.
Risk Alert: Risk levels remain elevated amid persistent trade frictions and geopolitical tensions — all scenarios should be considered plausible.
Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.
| S1: 49065 | R1: 49470 |
| S2: 48910 | R2: 49720 |
| S3: 48665 | R3: 49870 |
