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| Technical Analysis for Dow Jones 1-7-2015 |
Dow Jones moved yesterday in the average movement of 168 pips, its highest level at 17642 and the lowest Level at 17474 and closed at 17518 to Lose 22 pips, during yesterday’s trading.
Dow opened today's trading at 17522 volatile between 17518 and 17590 during the Asian session trading at 70 pips for the poor liquidity in the market range, and in the European session the dow went down to 17665
Dow moves in a series of up impulse waves after breaking the price channel.
It is expected that the oil is heading targeting 17720 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 accumulation operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 17447 and 17376 and 17279
Resistance levels: 17615 and 17712 and 17783
For More technical Outlook FxStations
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