Source: PaxForex Premium Analytics Portal, Technical Insight

The U.S. stock market closed Tuesday's trading multidirectional due to strengthening of utilities, technology and consumer goods sectors. The market showed uncertainty on the back of negative dynamics in the financial, telecommunication and industrial sectors. The Dow Jones is down 0.20%.

Dow Jones 30, H4 

Pivot: 33690.00

Analysis:

Provided that the index is traded above 33550.00, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 33690.00
• Take Profit 1: 33800.00
• Take Profit 2: 33960.00

Alternative scenario: 

In case of breakdown of the level 33550.00, follow the recommendations below:

• Time frame: H4
• Recommendation: short position
• Entry point: 33550.00  
• Take Profit 1: 33470.00
• Take Profit 2: 33340.00

Comment:

RSI indicates an uptrend during the day.

Key levels:

Dow Jones 30, D1

Pivot: 33578.00

Analysis:

While the price is above 32000.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 33578.00
• Take Profit 1: 34100.00
• Take Profit 2: 34750.00

Alternative scenario:

If the level 32000.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 32000.00 
• Take Profit 1: 30880.00
• Take Profit 2: 29850.00

Comment:

RSI is bullish and indicates a mid-term uptrend.

Key levels: