The outlook has grown increasingly bullish since DJI30 had remained above its latest swing low at (12567). If this support level is broken to the downside, the outlook will deteriorate.
We see better value in long positions. If the price will advance above the first resistance at (12754), this would confirm continuation of the bullish trend, towards next objective upwards (12615) then (12574) and (12466) will follow.
We believe that possible bullishness could be seen during this trading session. Support is at (12375). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish.
The outlook has grown increasingly bullish since DJI30 had remained above its latest swing low at (12399). If this support level is broken to the downside, the outlook will deteriorate.
We expect a bullish overall direction for today. That requires the base to build on (12329); targeting (12460) then (12519). A break under (12205) support area will extend losses to (12135).
DJI30 general trend is to the upside. Break below (12129) may trigger further fall of the DJI30. Going above nearest support level at (12403), however, would confirm continuation of the bullish trend, towards next objective upwards (12560).
DJI30 general trend is to the upside. Break below (12184) may trigger further fall of the DJI30. Going above nearest support level at (12357), however, would confirm continuation of the bullish trend, towards next objective upwards (12469).
We prefer upside scenario at this phase. Since bias is bullish in nearest term targeting (12428). Another move back below (12051) could lead us to neutral zone.
DJI30 is at a crossroads, where it is recommended to evaluate the development of the activity of both parties. A close above (12159) will call for (12143), and Loss of (11756) sees (11590).
We see high chances of the pair move up gradually towards (12237 – 12328). A proper confirmation would occur if the DJI30 will manage to overcome the (12189) resistance over today`s trading session.
