Mixed trading dominated the Dow Jones Industrial Average on Wall Street, as it began the week with a downward price gap.<\/p>\n\n\n\n
Technical Outlook \u2013 4-Hour Timeframe:<\/strong><\/p>\n\n\n\n The Relative Strength Index (RSI) is showing negative signals, reflecting weak positive momentum. Simultaneously, the simple moving averages are attempting to exert downward pressure on the price, further increasing the negative pressure on the index.<\/p>\n\n\n\n Likely Scenario:<\/strong><\/p>\n\n\n\n From here, with the price holding below the resistance level of 49,420<\/strong>, a decline is possible. A confirmed break below the support level of 48,920<\/strong> would facilitate a move towards 48,760<\/strong>.<\/p>\n\n\n\n Conversely, a return to a stable trading position above 49,420<\/strong> could temporarily halt the bearish scenario, potentially leading to a retest of 49,610<\/strong>.<\/p>\n\n\n\n Caution:<\/strong> The risk level is high amid ongoing trade and geopolitical tensions, and all scenarios remain possible.<\/p>\n\n\n\n Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.<\/p>\n\n\n\n Mixed trading dominated the Dow Jones Industrial Average on Wall Street, as it began the week with a downward price gap. Technical Outlook \u2013 4-Hour Timeframe: The Relative Strength Index (RSI) is showing negative signals, reflecting weak positive momentum. Simultaneously, the simple moving averages are attempting to exert downward pressure on the price, further increasing …<\/p>\n","protected":false},"author":9,"featured_media":125993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7192,11285],"class_list":["post-125982","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-dow","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=125982"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125982\/revisions"}],"predecessor-version":[{"id":125994,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/125982\/revisions\/125994"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/125993"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=125982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=125982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=125982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 48760<\/strong><\/td> R1: 49865<\/strong><\/td><\/tr> S2: 48240<\/strong><\/td> R2: 50445<\/strong><\/td><\/tr> S3: 47660<\/strong><\/td> R3: 50960<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"