Dow Jones Towards Positive Side

The Dow Jones Industrial Average jumped on Wall Street to achieve strong gains, registering its highest price during the last session’s trading 33113.

On the technical side, the current trading of the index is witnessing a bearish downward slope, as a result of the intraday trading stability below the resistance level of 32,900/32,920.

With a closer look at the chart, the stochastic oscillator is still consolidating around overbought areas, favoring the bullish idea.

Therefore, despite the intraday negativity, we tend to be positive, but on the condition that trading remains stable above 32,920, in order to enhance the chances of the rally towards 33,050/33,055 a first target, and a breakout increases and accelerates the strength of the uptrend 33280 next stations.

The bullish scenario during today’s session depends on the index being generally stable above the support floor of 32,660, and breaking it will postpone the bullish chances, but not cancel them.

S1: 32780	R1: 32835
S2: 32500	R2: 32885
S3: 32330	R3: 33330