Forex Trading Library

Dow Jones–16.07.2025

Technical Analysis
By Rami Abu-Draa
Dow Jones–16.07.2025
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The Dow managed to hit drop correction to close to the target of 43870 today to hit a rebound.
Intraday levels show the first resistance zone around 44170-250 while support is still at 33870.
Below 43870 the market could drop toward 43100.

SUPPORT RESISTANCE
LEVEL1 43870 44170-250
LEVEL2 43550 44500-50
LEVEL3 43100 44870
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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