The Dow Jones Index is trading in a sideways range with a bullish bias during today’s session, holding above the pivot level of 49,000.
If the upward move continues, the index is expected to target 49,870 followed by 50,200.
Alternatively, in case of a bearish reversal, the index may decline toward 48,367 and then 48,200.
The bullish scenario remains valid as long as prices stay above 49,000.
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