11:51 AM
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| Technical Analysis for Dow Jones 14-7-2015 |
Dow Jones moved yesterday in the average movement of 328 pips, its highest level at 17901 and the lowest Level at 17570 and closed at 17894 to Gain 317 pips during yesterday’s trading.
Dow opened today's trading at 17892 volatile between 17871 and 17903 during the Asian session trading at 32 Pips for the poor liquidity in the market range.
Dow moves in a series of up impulse waves after returning to the parallel price channel.
We saw dow-jones achieved our target at 17840
It is expected that the Dow is heading targeting 18000 as the target on time frame of four hours and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today at 12:30 we are looking for Core Retail Sales m/m USA.
Today we could see sharp trading because of the economic data from USA
Support levels: 17675 and 17457 and 17344
Resistance levels: 18006 and 18119 and 18337
For More Technical Outlook FxStations
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