Hello everyone,
Dow Jones 4H NEW FORECAST
The index price achieved some additional gains in yesterday's trading by touching the 39092 level, and then was forced to form some temporary negative bounce, affected by the attempt of the Stochastic indicator to exit the overbought level.
We would like to remind you that the bullish scenario will remain with repeated stability above the main support currently extending towards 38220, in addition to the formation of the 38680 level for strong additional support. Therefore, we will continue to wait for the price to gather additional positive momentum to facilitate the task of achieving the stable target at 39285 , and by exceeding it, trading will extend directly towards the next stable target at 39559.
Expected trading range
Between support 38730 and resistance 39092.
Dow Jones 4H NEW FORECAST
The index price achieved some additional gains in yesterday's trading by touching the 39092 level, and then was forced to form some temporary negative bounce, affected by the attempt of the Stochastic indicator to exit the overbought level.
We would like to remind you that the bullish scenario will remain with repeated stability above the main support currently extending towards 38220, in addition to the formation of the 38680 level for strong additional support. Therefore, we will continue to wait for the price to gather additional positive momentum to facilitate the task of achieving the stable target at 39285 , and by exceeding it, trading will extend directly towards the next stable target at 39559.
Expected trading range
Between support 38730 and resistance 39092.
