Dow Jones catches its breath

US30

OUTLLOK

Yesterday, the index price recorded the level of 35030 and then began to form a sideways fluctuation, trying to catch its breath before resuming the main upward attack, thus settling near 35015.

Now the price trade at the important resistance zone 34885 - 35050 consolidation above that zone will help the price to rise up and build a positive momentum to reach 35320 and 35647

It should be noted that breaching and stabilized the price under 34885 will stop the bullish corrective trend and lead the price to try to recover and retest to 34624 and then push up

The expect range trading for today it will be between 34885 support line and 35050 resistance line until breaking one of them


Additionally , today New York season will affect on the US stock index futures

Additionally , According to Morgan Stanley the Dow Jones will reach to 37300


support line: 34885 , 34624
resistance line : 35050 ,35320
Technical IndicatorsSupport and ResistanceTrend AnalysisUS30

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