Forex Trading Library

Dow Jones–12.02.2026

By Rami Abu-Draa On Feb 12, 2026

The Dow managed last Friday to hit the target at 50000-100.

As we see over the chart, the market is still holding inside the uptrend channel with the target and resistance at 50700-800, while support at 49500-600 could hold this trading zone.

Below 49500 more of a drop toward 48300-600 will be expected.

Above 50800, the daily close could initiate a new uptrend wave.

	SUPPORT	RESISTANCE
LEVEL1	49500-600	50700-800
LEVEL2	48300-600	51500
LEVEL3	47600-700	52500

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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