DOW 30
DOW 30 has been in habit of following our
mentioned levels and it has been doing it for some time and traded at our
mentioned levels. DOW 30 has been trading weak but on previous session it
tried to make positive support around 18000 and opened with a gap down at 18012
and from there showed some intraday strength as DOW 30 made high of 18069
before closing the improved and flat session at 18047 with gain of just 37
points or increase of 0.21% to the index.
DOW
30 has crucial immediate resistance intact 18090--18100. If this level is
positively sustained and breached then one see next Resistance at 18200.
DOW 30
Support is also intact at 18015--18000.If this is breached negatively and not
sustained then one see next support building around 17930.
RSI of 36
and decreasing also suggest that DOW 30 overall trend is towards consolidation
and we may see DOW 30 to continue the same trend unless an strong support is
made for an upside move.
MACD of negative
-58 and decreasing also suggest that a
DOW 30 overall trend is weak and we may not see buyers enter aggressively before
market settles and a strong support is built for an strong upside move.
More Will Update Soon!!
