The Dow Jones Looking For More Momentum

The movements of the Dow Jones Industrial Average witnessed mixed trading at the end of last week’s trading within the expected bearish path, explaining that breaking 34,415 increases the negative pressure to target 34,180, hit a low of 34,310.

On the technical side today, the current movements are witnessing a bullish bias, benefiting from the support level of 34,310, and we find that the RSI is trying to provide positive signals.

Therefore, we may witness a bullish bias in the coming hours, targeting 34,500 and 34,540, respectively. In the event that the break of 34,310 is confirmed, this will facilitate the task required to visit 34,270 and then 34,170,

Note: The level of risk is high.

S1: 34310	R1: 34610
S2: 34160	R2: 34760
S3: 34010	R3: 34910