Forex Trading Library

Dow Jones – 31.05.2024

Technical Analysis
By Rami Abu-Draa
Dow Jones – 31.05.2024
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The Dow fell below the 38500-600 support which could put more pressure on the market and move towards the 37700 zone.
If prices hold below 38500-600, then a chance for a further drop toward 37700 will be expected.


Above 38600, the market could push back towards the 39100-200 zone.

 

SUPPORT RESISTANCE
LEVEL1 38000 38500-600
LEVEL2 37700 39050
LEVEL3 37250 39400

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Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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