Forex Trading Library

Dow Jones – 01.10.2024

Technical Analysis
By Rami Abu-Draa
Dow Jones – 01.10.2024
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The Dow managed to hold above the support 41825 and advanced toward 42600.

Prices hit a drop correction yesterday toward the 41915 level while holding above the support 41825.

Below 41825 more of a drop could hit the market with supports at 41440 and 41000.

SUPPORT RESISTANCE
LEVEL1 41825 42315
LEVEL2 41440 42600
LEVEL3 41000 43000

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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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