Contributors Technical Analysis US 30 Seeks Support After V Recovery

US 30 Seeks Support After V Recovery

The Dow Jones 30 recouped previous losses, as weak jobs figures favor the prolonged loose monetary policy.

The V-shaped recovery has rekindled hopes of a new round of rally, not before the price clears the major hurdle ahead though.

Buyers are likely to run into strong selling interest around the peak at 35100. A clear cut could pave the way for a new record high.

In the meantime, a near overbought RSI may temper the enthusiasm. A pullback to the fresh support at 34480 could be a buying opportunity.

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