Current price: 39450
Key point: 39290
Our preferred direction: Buy positions above 39290 levels with 39800 as a first target and then 39960 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 39290 level, targeting the 39000 levels.
Technical commentary
The Dow Jones index approached the support levels 39225-39295 after the corrective decline yesterday, and then it is expected to rise again to target the levels 39800-39960.
In the event of closing below the mentioned support levels, the index will head towards the 39,000 levels.
