Forex Trading Library

Dow Jones–08.07.2026

By Rami Abu-Draa On Jul 8, 2026

The Dow passed above 53000 and then reversed after President Donald Trump declared the ceasefire between the US and Iran over.
If the escalation continues, we could witness more drop pressure over market with supports at 51290 and 50500-600.
Above 53335 the advance scenario could return toward 54000.

SUPPORT	RESISTANCE
LEVEL1	52000	52700
LEVEL2	51290	53335
LEVEL3	50500-600	54000

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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