EIGHTCAP:US30   Dow Jones Industrial Average Index
US30 New Forecast

The price has rebounded from its support line at 37620, influenced by the earnings reported for the first quarter of this year. It aims to ascend towards 38065; however, maintaining positions below this level will likely result in a decline to 37795, thereby activating a bearish trend with a potential descent to 37120. This downward trajectory would be confirmed by the closure of a four-hour candle below 37620. Conversely, should a four-hour candle close above 38065, the price is anticipated to advance towards 38385.

Pivot line: 38065
Resistance Prices: 38385 & 38565 & 39000
Support Prices: 37795 & 37620 & 37130

The movement range will be between support 37620 and Resistance 38385





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