Whereas the Dow Jones index recovers a few of final week’s losses, sentiment, nonetheless, stays downbeat.
Value motion has fallen under 33300, vital assist on the every day chart. Whereas it could be too quickly to name it an outright bearish reversal, the index is more likely to go sideways within the brief time period.
The technical bounce could face stiff promoting strain round 34100, a requirement zone become a provide zone as trapped patrons await to bail out unscathed. 33400 is the closest assist when an overbought RSI falls again.
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