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 was in same trajectory as S&P 500
and traded with some improvement in last session as it opened positively at 17723
and from there made high of 17761 among good news coming from Europe regarding
BREXIT and hence closed a positive session at 17752 with 15 points or gain of
just 0.09% to the index.
DOW 30 has immediate Resistance
intact around 17780--17880.If this level is positively breached and sustained
then one see DOW 30 resistance building around 17900--18050.
DOW 30 has immediate Support
building around 17690--17670.If this level is breached negatively and not
sustained then one see next support building around 174580--17550.
RSI of 50 and increasing g
indicate that short term trend is improving as market seems to have factored in
all negative impending news and looking to build upside momentum.
MACD of positive negative 0.39 also indicate that short term trend is may is
improving among positive global and economic scenario which are creating
confidence in market.
More Will Update Soon!!
