Forex Trading Library

Dow Jones 02.08.2024

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The Dow managed to hit the target of 41100 before heading for another correction.

As we see on the chart, the market is facing the first support at around 39800-900. If prices remain above it, another rebound toward 41000 could occur.

Below 39800 more of a drop to test the 39200-300 zone could hit the market which in turn could push for a rebound.

 

SUPPORT RESISTANCE
LEVEL1 39800-900 40400-50
LEVEL2 39200-300 41000
LEVEL3 38700 41400-500
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