Dow Jones Touches The Target 3/2/2022

The Dow Jones Industrial Average jumped during the previous trading session, surpassing 35,550, recording its highest level at 35,587.

On the technical side today, we notice the stochastic indicator around the overbought areas, in addition to the indicator’s success in building a base on the support floor of 35,270 and, in general, above 35,225.

Therefore, the idea of the rise may be effective and valid, knowing that confirming the breach of 35,580 may contribute to consolidating the gains to visit 35,640 and 35,820 as long as the price is stable above 35,230.

Note: the risk level may be high today.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 35225	R1: 35645
S2: 34980	R2: 35830
S3: 34800	R3: 36070