DOW 30 has been in habit of following our analysed levels
and it has been continuously respecting our technical analysis for some time. DOW
30 has been in bull rally since it has taken support at our previously
mentioned crucial support of 17400 and since then has been in bull run and
almost ralied 2.30% since then.
Dow 30 continued its momentum and opened positively at 17814
and from there made high of 17857 before settling at 17841 with gain of 0.08%
or 14 points increase to index.
DOW 30 is looking strong and has Crucial Resistance at 17975—18000.If
This level is breached positively then one see next resistance building around
18075—18090.
Support is intact at 17660—17640.If this level is not
sustained then one see next support building around 17575—17500.
RSI of 57 and increasing also suggest that markets are
improving as global news providing
positive momentum and short term trend is positive.
MACD of positive 15 also indicate that that short term trend
is highly positive.
