DOW 30 has been in habit of following our technical level and so it did again in previous session as it looked highly bullish throughout the day. DOW 30 has been moving between Bollinger band and fiving respect to its Bollinger level.
Dow 30 opened on a highly positive note at 17629 and from here maintained its upward direction among improving global news and therefore made a high of 17768 before closing at 17765.
DOW 30 has resistance at 17830 and if this is positively breached one see next resistance around 17980—18000.
DOW 30 has immediate support at 17630.Below this there can be panic and next support is around 17575 level.
RSI 50 and increasing indicate that buyers are entering
DOW 30 with positive sentiments as global economic scenario improves.
