Forex Trading Library

Dow Jones–12.01.2026

By Rami Abu-Draa On Jan 12, 2026

The Dow managed to met the target zone at 49500-600.
As we see from the previous chart, prices face an uptrend resistance channel around the 49800-50000 zone which led to a correction towards 48760.
As long as the market holds above 48760 the advance wave could continue.
Below 48760 more of a drop will be expected with supports at 48300 and 47600-700.
Above 50000 the Dow could enter a new advance wave.

	SUPPORT	RESISTANCE
LEVEL1	48760	49800-50000
LEVEL2	48300	59600
LEVEL3	47600-700	51000

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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