Forex Trading Library

Dow Jones–05.01.2026

By Rami Abu-Draa On Jan 5, 2026

We still holding the same outlook for the Dow as the market is still holding above the 47600-700 support.

As we see over the chart, the advance is still ongoing after last Friday’s drop toward 47817, as prices face resistance at 48550 and 48865.

As long as the market holds above 47600-700, the target remains towards 49500-600.

	SUPPORT	RESISTANCE
LEVEL1	47600-700	48550
LEVEL2	47090	48865
LEVEL3	46300-400	49500-600

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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