The Dow Jones Industrial Average attempts to record counter-attacks at the resistance levels, approaching by a few points from the first target published during the previous analysis at 35,880, to settle for the highest 35,860.
The technical side today tends to be positive, relying on the stability of the RSI above the mid-line 50, in addition to the index’s attempts to stabilize above 35,580.
Confirmation of the breach of 35,870 increases the strength of the bullish bias, opening the door to visit 36,000 and 36,160 awaited price targets, as long as trading is stable above 35,570, and breaking it can thwart the attempts to rise and put the index price under negative pressure, its initial target is 35,430.
Note: The risk level is high.
S1: 35580 | R1: 35870 |
S2: 35430 | R2: 36005 |
S3: 35295 | R3: 36160 |