US30 stabilizes above the moving average
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Dow Jones 4H NEW FORECAST
The index price was affected by many positive factors to confirm to us its adherence to the upward path, including the repeated stability above the additional support centered at 38250, supported by the stability of the 55 moving average near it, in addition to the Stochastic indicator beginning to present positive momentum, and we note that it recently achieved some gains by touching the 38545 level.
We reiterate the importance of trading currently being positioned above the previous obstacle, which is centered at 38450, to give the price an opportunity to form strong upward waves through which it can target the 38792 level, reaching during the current period the next main target stable at 39092.
Expected trading range
Between 38300 support and 38545resistance.
Dow Jones 4H NEW FORECAST
The index price was affected by many positive factors to confirm to us its adherence to the upward path, including the repeated stability above the additional support centered at 38250, supported by the stability of the 55 moving average near it, in addition to the Stochastic indicator beginning to present positive momentum, and we note that it recently achieved some gains by touching the 38545 level.
We reiterate the importance of trading currently being positioned above the previous obstacle, which is centered at 38450, to give the price an opportunity to form strong upward waves through which it can target the 38792 level, reaching during the current period the next main target stable at 39092.
Expected trading range
Between 38300 support and 38545resistance.
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