DOWJONES
Dow Jones Index is trading around the support level of $43,985, and prices are likely to retest the resistance level of $44,720. This scenario would be invalidated if the aforementioned support level is broken to the downside.
Support |
43985 | 43240 | 42660 |
Resistance | 44720 | 45120 | – |
The Dow Jones Index recorded a notable decline, affected by the cautious sentiment prevailing among investors ahead of the release of key U.S. inflation data. This drop came as markets awaited the Federal Reserve’s upcoming decisions, especially amid growing speculation about the path of interest rates.
Despite this decline, the index managed to hold above key support levels, reflecting a degree of sustained confidence in the market over the short term. However, upcoming movements will remain closely tied to the inflation data results, which may determine trading directions in the period ahead.
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