Three Levels to Watch For When Trading US30!Dow Jones 30 SPOTCFI:US30CFIThe attached chart shows the sideways movement of the Dow Jones index from the start of this month through today's trading, within a price range bounded by the 52,000 level as support, from which the price has bounced three times so far, and the 52,850 level as resistance, from which prices pulled back on two previous occasions. However, we should also pay attention to the price levels near 52,450 for the following reasons: It represents the midpoint of the current sideways range. It marks a convergence point for several moving averages, the 35, 50, and 100-period moving averages. Technically, then, these three levels are expected to serve as key markers for the Dow Jones' movements amid the market's current state of hesitation and indecision, caught between the positive impact of inflation data showing signs of slowing and the negative pressure of oil prices climbing again, up around 16% over last week's trading. So will the Dow respond to the positive inflation data, or will rising oil prices have the final say?