The Dow Jones industrial index, #INDU, in daily charts shows an upward potential, since yesterday it made a correction towards the SMA of 21. There is a possibility that in the next few days it will trade up to the resistance zone of 35,156.
Any correction towards the 34,195 level (21 SMA) will be a good opportunity to buy with targets at 34,765 and 35,156 (+2/8 murray).
The technical reading of the eagle indicator is showing a bullish signal. Therefore, we recommend buying the #INDU above 34,200. With a daily close below this level, the outlook may change to bearish.
Support and Resistance Levels for July 07 - 08, 2021
Resistance (3) 35,162
Resistance (2) 34,906
Resistance (1) 34,680
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Support (1) 34,198
Support (2) 33,942
Support (3) 33,747
The material has been provided by InstaForex Company - www.instaforex.com