Dow Jones maintains its upward trajectory

By Mostafa Mahmoud On Aug 5, 2026

DOWJONES

Dow Jones Index trades in a medium term uptrend, opening the way for further gains and new highs, while a break below support at $53,900 could target $53,100 in today’s trading.

Support	53900	53100
Resistance	55000	55300

Dow Jones continued its positive performance, rising by approximately 1.71%, or 907 points, to a record high of 54,085.88 points, while index futures gained around 0.2%, supported by improved risk appetite, strong corporate earnings, and optimism over a potential US-Iran agreement that could reopen the Strait of Hormuz, contributing to lower oil prices and bond yields.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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