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US 30 Breaks To New Highs

The Dow Jones index found support from the prospect of continuous stimulus in the US.

The index consolidated its gains after it rallied above the peak at 35100. 34800 is a fresh support as buyers have a stake in after the breakout confirmation.

US indices lately have been exhibiting a volatility pattern in which a sharp drop is followed by strong bidding.

While sentiment remains generally positive, a deeper pullback here may test 34500. As the rally resumes, 35500 would be the next target.

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