country flagالعربية
0
0

DOW JONES Technical analysis 12 December 2018

2018-12-12 12:20 am | Resource: Technical Analysis | No Views : 240

Time frame Used - four hours
The Dow Jones industrial average30 is moving in a bearish direction in the near term.
DOW JONES CHART
The sell-off was able to control the movement of the Dow Jones to witness the Dow Jones index a violent wave of successive declines to level of 24128 as bulls managed to stop the decline of consecutive decline to push the Dow Jones back again to reach the resistance level  of 24677 where it faced selling pressure around this level It pushed it back down again to level of  24200.
In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery.
Accordingly, we expect that the Dow jones will test levels of 24677-25100.
 The alternative scenario is that the Dow Jones broke the 24128 level down to test the 23527 level.
Resistance: 24677 -25000 - 25100
Support: 24200 - 24128 – 23527
Direction: Down
Technical Analysis
Stocks and indices Analysis
Bit coin News


Other news

Dow rose more than 200 points after strong earnings during Tuesday

US markets extended gains on Tuesday as the Dow Jones industrial average rose more than 200 points on strong earnings from major banks and other companies. JP Morgan, Wells Fargo, Citigroup and Goldman Sachs were among the companies that posted better-than-expected revenue before the bell. Goldman Sachs reports profitability of $ 4.79, down 24% year on year Goldman Sachs Group said Tuesday its third-quarter net income was $ 8.32 billion,…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.