Dow Jones Tries to Build on Support

The Dow Jones index started its daily trading with a bullish tendency, after several successive sessions of retreating to record its lowest level during the previous trading session 33,201.

On the technical side, the index movements are witnessing a bullish tendency, benefiting from building a base on the support level of 33,660, as we find the RSI indicator started to get positive signals on short time frames.

Therefore, we tend to be positive during the coming hours, knowing that confirming the breach of 34,130 is a catalyst increases the possibility of hitting 34,240/34,260 first targets, and then 34,410.

From below, the return of trading stability below 33,650 negates the bullish scenario and puts the index under strong negative pressure. Its initial target is around 33,485, and then 33,400.

Note: The risk level may be high today.

S1: 33485	R1: 34410
S2: 32880	R2: 34730
S3: 32560	R3: 35335