The Dow seems like it's continuing yesterday's momentum. Though US Core Retail Sales are due at 13:30 GMT, which could affect its direction.

The Dow Jones seems to be continuing the momentum from yesterday’s trading session in the pre-market trading. From a technical aspect, currently trading at around 34,080. Looking at the 4 hourly timeframe, support sits below at 33,909 then at 33,781 (20-day MA) then at 33,601 (50-day MA). A break below the 50-day moving average could see the index retrace further towards the base that was created last week (ranging between 33,274-33,331). Towards the upside, the index has broken through the 34,053 resistance, so a close above this price may see it edge higher at the open. With the target near the 34200 level. MACD is positive as is RSI as it reads 69. Although, RSI is floating just below ‘overbought’ territory. Additionally, investors should be wary of the US core retail sales due at 13:30 GMT. As the data might have an influence on the markets.