Dow Jones moved yesterday in the average movement of 129 pips, its highest level at 18099 and the lowest Level at 17968 and closed at 18025 to Gain 54 pips, during yesterday’s trading.
Dow opened today's trading at volatile between 18036 and 18080 during the Asian and European session trading at 44 pips for the poor liquidity in the market range.
Dow moves in a series of up impulse waves after breaking the price channel.
It is expected that the oil is heading targeting 18200 as the target on time frame of four hours and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 17962 and 17899 and 17831
Resistance levels: 18093 and 18161 and 18224
For More Technical Outlook FxStations
0 comments:
Post a Comment