FX.co ★ Trading Signal for Dow Jones 30 #INDU for May 06 - 07, 2021: Buy above 34,115

The Dow Jones industry index, #INDU on the morning of the American session is trading above the SMA of 21 in 4-hour charts, and maintains a bullish bias that could reach up to 4/8 of Murray, a key level of 34,375 and 34,493.

In view of the fact that the US dollar is falling, the stock markets gain ground, in the face of the important data of the month that will be published tomorrow in the United States.

This data from NFPs will be the important data of the week that will undoubtedly give some volatility to all the stocks, if the data is worse than expected, the Dow Jones could go up to 4/8 of a murray at 34,375.

On the contrary, the positive and optimistic data for the United States could make the dollar strengthen and the stock markets could suffer a fall until the support of 33,593, there is 3/8 of a murray.

Our recommendation for now is to buy the #INDU, at the current price levels, due to the upward trend and the weakness of the dollar.

Support And Resistance Levels For May 06 - 07, 2021

Resistance (1) 34,334

Resistance (2) 34,447

Resistance (3) 34,493

Support (1) 34,129

Support (2) 34,063

Support (3) 33,932