DOWJONES

Dow Jones Index is trading in a medium-term uptrend, paving the way for further gains and the formation of new highs. However, if the support level at $47,050 is broken to the downside, prices may target the $46,320 level during today’s session.
|
Support |
47050 | 46320 | – |
| Resistance | 47600 | 48100 |
– |
Dow Jones Industrial Average posted a notably positive performance during today’s trading session, extending its gains to record a new advance supported by improved risk appetite in the markets and a decline in expectations of a near-term Federal Reserve rate cut. The index successfully confirmed its medium-term uptrend by breaking through key resistance levels, reflecting continued buying momentum and the dominance of bullish forces over price movements. Overall, the general trend remains positive, supported by strong performances in the technology and industrial sectors, which reinforces the likelihood of a continued upward trajectory in the coming sessions.
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