DowJones, February 8, 2021

Technical Analysis
Monday, February 08, 2021 - 16:27
Point Trader Group
DowJones, February 8, 2021

Overview:

Prices are moving in a short-term downtrend

Expected:

The index is trading below a strong resistance level around 31230, which might push the index to go downwards to reach the level of 31000.

Alternative Scenario:

On the other hand, we think that if the level of 31230 is broken to the upside, this index might be pushed upwards 31400.

Resistance31600.0031400.0031230.00
Support30723.0030850.0031000.00

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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