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| Technical Outlook For Dow-Jones 1-9-2015 |
Dow Jones moved yesterday in the average movement of 187 pips, its highest level at 16604 and the lowest Level at 16417 and closed at 16461 to gain 15 pips during yesterday’s trading.
Dow opened today's trading at 16456 volatile between 16458 and 16214 at 244 Pips for the poor liquidity in the market range.
Dow moves in a series of down corrective waves after breaking channel.
We saw the pair achieved our target at 16276
It is expected that the Dow is heading targeting 15985 again as the target on time frame of four hours and until now we see the bears control on market direction.
And the Relative Strength Indicator "RSI" show us distributions operations at the market.
Today we are looking for economic data from usa like ism manufacturing pmi at 14.00 GMT.
Support levels: 16384, 16307 and 16197
Resistance levels: 16571, 16681 and 16758
More Technical Outlook FxStations
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