Dow Jones Trying Hard to Rise

Negative trading dominated the Dow Jones Industrial Average in the New York Stock Exchange within the expected bearish path, touching the second target to be achieved in previous analysis at 27795, posting low at 27916.

On the technical side, the current movements of the index are witnessing attempts to rise due to the intraday stability above 28035 level accompanied by the RSI gaining bullish momentum over short time intervals.

Therefore, we may witness a bullish bias during the next few hours, with the first target 28390/28395, knowing that breaching it increases the possibility of touching 28450.

Trading back below 28035 and confirmation of its breakout will negate the bullish tendency and put the price under negative pressure again, with the first target of 27980, and then 27910.

Caution: All scenarios on cards and the risk levels are high.

S1: 27980	R1: 28395
S2: 27740	R2: 28570
S3: 27560	R3: 28810