The Dow Jones is Holding The Support Level 12/1/2022

The Dow Jones Industrial Average trimmed its losses last week to return to positivity again, recording its highest level during the early trading of the current session, around 36,200.

Technically speaking, by looking at the 4-hour chart, we find the 50-day moving average continuing to hold the price from below and stochastic around the overbought areas.

With the stability of trading above 35,950, we may witness the rise in resumption, knowing that the breach of 36,210 is an important and basic condition to target 36,400 initial price stations. Its positive targets may extend later visit 36,590.

Breaching below the mentioned support level at 35,950 will postpone the chances of rising, and we may witness a retest of 39,500 and 35,830, respectively.

Note: The risk level is high.

Note: CFD trading involves high risk; all scenarios may occur.

S1: 35830	R1: 36400
S2: 35445	R2: 36595
S3: 35250	R3: 36970