DOW 30
DOW 30 has been in habit of
following our mentioned and analysed levels and it moved in our previously mentioned
range on expected terms. Dow 30 overall trend is looking positive among
improving global scenario and impending global events. DOW 30 looked positive
throughout the session and opened positively on 17825 and sustained its
momentum to make high of 17949 before finally closing at 17920 with gain 113.27
points or increase of 0.64% to the DOW 30 index.
DOW 30 has Resistance building
around 17945—17975.If this level is positively breached and sustained then one
see DOW 30 resistance building around 18025—18090.
DOW 30 has Support building
around 17890—17875.If this level is breached negatively and not sustained then
one see next support building around 17830—16775.
RSI of 58 and increasing also
suggest that trend is still towards positive side and we may see some
correction or profit booking at mentioned resistance as DOW 30 is trading near upper
Bollinger band limit.
MACD of positive 38 also indicate
that short term trend is positive and DOW 30 may continue this trend if global and
economic climate improves from here.
More Will Update Soon!!
