Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The Dow Jones Industrial Average posted a strong advance on Wall Street, registering notable gains and climbing to a high near 49,602.
Technical Outlook – 4-Hour Chart
Price action remains supported above the simple moving averages, reinforcing the potential for continued recovery. This constructive setup is further backed by positive signals from the Relative Strength Index (RSI) on shorter timeframes, indicating improving momentum and renewed buying interest.
Expected Scenario
As long as daily trading holds above the 49,105 support level, the bullish bias remains the most likely path for today. Under this scenario, the index is expected to target 49,640 initially, followed by 49,940, provided no move back below 48,845 occurs.
Caution:
Market conditions remain high-risk amid ongoing trade and geopolitical tensions, and all scenarios remain possible.
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: 48845 | R1: 49940 |
| S2: 48130 | R2: 50320 |
| S3: 47750 | R3: 51035 |
