Mixed trading dominated the movements of the Dow Jones Industrial Average during the American session yesterday, within attempts to rebound upwards, to reach its highest level at 35,544.
On the technical side, today we tend to the positive side, but with caution, relying on the stability of the intraday trading above the support level of 35,300, accompanied by the continuation of the attempts of the stochastic indicator to obtain additional momentum.
Therefore, there is a possibility to achieve more rise to visit 35,540 and 35,580, initial targets that may extend later to visit 35,700.
Trading below 35,300 will stop the bullish bias immediately, and we will witness a bearish bias that will directly target 35,180.
Note: The risk level is high.
S1: 35180 | R1: 35580 |
S2: 34960 | R2: 35760 |
S3: 34780 | R3: 35980 |