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| Technical Analysis for Dow Jones 16-7-2015 |
Dow Jones moved yesterday in the average movement of 80 pips, its highest level at 18004 and the lowest Level at 17921 and closed at 17991 to Gain 32 pips during yesterday’s trading.
Dow opened today's trading at 17985 volatile between 17980 and 18025 during the Asian session trading at 45 Pips for the poor liquidity in the market range, and in the European session the dow went up to 18061
Dow moves in a series of up impulse waves after returning to the parallel price channel.
It is expected that the Dow is heading targeting 18110 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 14:00 we are looking for Philly Fed Manufacturing Index from USA.
Today we could see sharp trading because of the economic data from USA
Support levels: 17940 and 17889 and 17857
Resistance levels: 18023 and 18055 and 18106
For More Technical Outlook FxStations
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