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 17958
and from there showed weakness to make low of 17882 before closing the weak and
flat session at 17933 with gain of just 12 points or increase of 0.07% 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 34
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
-85 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 a strong upside move.
More Will Update Soon!!
