Dow Jones tries temporary positive 13/3/2023

Mixed trading tending to negativity dominated the movements of the Dow Jones Industrial Average on the New York Stock Exchange, heading to visit the last official target published during the previous report at 32,320, recording its lowest level at 31,780.

On the technical side, the index’s movements are witnessing an upward bias due to obtaining positive signs from the RSI, which returned to stabilize above the mid-line 50, in addition to the stability of intraday trading above the support area of 32,240.

There may be an opportunity for some positive movements in the coming hours, targeting 32,555. However, the price’s consolidation above it initially opens the door towards 32,810 unless we witness any trading below 32,240.

Note: The level of risk may be high and not commensurate with the expected return.

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: 31910	R1: 32555
S2: 31530	R2: 32810
S3: 31270	R3: 33195