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| Technical Analysis for Dow Jones 15-7-2015 |
Dow Jones moved yesterday in the average movement of 122 pips, its highest level at 17985 and the lowest Level at 17864 and closed at 17958 to Gain 67 pips during yesterday’s trading.
Dow opened today's trading at 17960 volatile between 17940 and 18000 during the Asian session trading at 60 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 18000
It is expected that the Dow is heading targeting 17814 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 at 12:30 we are looking for PPI m/m from USA.
Today we could see sharp trading because of the economic data from USA
Support levels: 17886 and 17814 and 17765
Resistance levels: 18007 and 18056 and 18128
For More Technical Outlook FxStations
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