DJI facing bullish pressure, potential for more upside

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Description:
Price holding above moving average support. With MACD indicator holding above 0, we can expect further bullish momentum to push price higher above our Pivot at 31016.8 towardsFibonacci confluence level and 1st resistance at 31484.4. Otherwise, failure to hold above pivot could see price swing towards 1st support at 30674.3

Pivot: 31016.8
Supporting Points:
38.2% Fibonacci retracement

1st Support: 30674.3
Supporting Points:
38.2% Fibonacci retracement, moving average support

1st Resistance: 31484.4
Supporting Points:
-61.8% and -27.20% Fibonacci retracement
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Penafian

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