The Dow Jones Index is trading with a bullish intraday bias, supported by stability above the key pivot level at 48700, reflecting improving market sentiment and renewed buying interest. As long as the index holds above this level, the upward scenario remains favored, with potential targets at 49500 followed by 49850 if bullish momentum continues.
However, if the index fails to maintain its position above 48700 and starts to decline, a corrective move may push it toward 48300 and then 47650, which represent key support levels. Overall, holding above 48700 increases the likelihood of continued gains toward 49600 in the near term.
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