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| Technical Analysis for Dow Jones 29-6-2015 |
Dow Jones moved last Friday in the average movement of 319 pips, its highest level at 17921 and the lowest Level at 17785 and closed at 17870 to Lose 100 pips, during Friday’s trading.
Dow opened today's trading at 17571 to make a gap with 298 pips and now is trading around 17704.
Dow moves in a series of up impulse waves after breaking the price channel.
Dow achieved our target last week at 17800
It is expected that the oil is heading targeting 17790 to make a little of correction 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 distribution operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 17796 and 17722 and 17660
Resistance levels: 17932 and 17994 and 18068
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