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 as DOW and traded extremely flat and has been trading
flat for two consecutive session and may be trying to form support at 18375 by
giving consecutive closes in this range. DOW 30 opened positively at 18379 and
from there made low of 18352 before closing the flat session at 18372 with loss
of just 11 points to the index or decrease of 0.07% to the index.
DOW 30
has immediate Resistance intact around 18400—18485.If this level is positively
breached and sustained then one see DOW 30 resistance building around
18535--18550.
DOW 30
has immediate Support building around 18285--18250.If this level is breached
negatively and not sustained then one see next support building around
18150--18040.
RSI of
positive 47 and decreasing indicate that short term trend is weak and we may
see DOW 30 forming support and if consecutive closes in these range is given
then we may see some upside move.
MACD of
positive 37 and decreasing also indicate that short term trend is
weak or towards consolidation and we may see this upside momentum one a strong
support is formed at current level and supports are positively sustained.
More Will Update Soon!!
