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| Technical Outlook For Dow-Jones |
Dow-Jones moved yesterday in the average movement of 362 pips, its highest level at 16414 and the lowest Level at 16052 and closed at 16406 to gain 331 pips during yesterday’s trading.
Dow opened today's trading at 16382 volatile between 16384 and 16303 at 81 Pips for the poor liquidity in the market range.
Dow moves in a series of down corrective waves above ascending trend line.
It is expected that the Dow is heading targeting 16684 again as the target on time frame of four hours and until now we see the bulls control on market direction.
And the Relative Strength Indicator "RSI" show us accumulation operations at the market.
Today we are looking for economic data from U.S.A like unemployment claims at 12:30 GMT.
Support levels: 16167, 15928 and 15805.Resistance levels: 16529, 16652 and 16891.
More Technical Outlook FxStations
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