Current price: 51445
Key point: 51375
Our preferred strategy: Buy positions above 51375 with a first target of 51730 and then a second target of 52000.
Alternative scenario: Stop loss and trend reversal upon breaking the 51260 level, targeting the 51000 level.
Technical commentary
The Dow Jones index reached the pivotal support levels of 51375-51265 and the price is above the 200 moving average on the four-hour timeframe, so a return to the 51730 levels and then the 52000 levels is expected.
