Dow Jones News And Technical Analysis Forecast – 07 Dec 2022
07 Dec 2022
Dow Jones Index Technical Analysis: Weekly Chart
In the weekly charts, Dow Jones was trading in a down channel. Dow Jones is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 33000.00 the resistance level is at 34000.00
Dow Jones was traded in a down channel before there is an upside breakout.
Dow Jones Index Technical Analysis: Daily Chart
In the daily charts, Dow Jones is trading in an up channel. Dow Jones is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 33000.00 the resistance level is at 34000.00
Dow Jones will trade in a down channel until its trend reversal.
How to Trade Dow Jones Index this Week:
Dow Jones will follow the uptrend until its trend reversal. So, remain bullish on Dow Jones