US30 Dow Jones may rise to 39210.00 - 39270.00 - 39350.00
Pivot
39000.00
Our preference
Long positions above 39000.00 with targets at 39210.00 & 39270.00 in extension.
Alternative scenario
Below 39000.00 look for further downside with 38910.00 & 38840.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
39330.00
39270.00
39210.00
39073.00 Last
39000.00
38910.00
38840.00
Number of asterisks represents the strength of support and resistance levels.
39000.00
Our preference
Long positions above 39000.00 with targets at 39210.00 & 39270.00 in extension.
Alternative scenario
Below 39000.00 look for further downside with 38910.00 & 38840.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
39330.00
39270.00
39210.00
39073.00 Last
39000.00
38910.00
38840.00
Number of asterisks represents the strength of support and resistance levels.
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