Dow Jones (CME) may rise to 41670.00 - 41800.00

(U4) Intraday: bullish bias above 41300.00.

Pivot

41300.00

Our preference

Long positions above 41300.00 with targets at 41670.00 & 41800.00 in extension.

Alternative scenario

Below 41300.00 look for further downside with 41160.00 & 40940.00 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

42000.00

41800.00

41670.00

41456.00 Last

41300.00

41160.00

40940.00

Number of asterisks represents the strength of support and resistance levels.

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