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DOW JONES Technical analysis 31 May 2018

2018-05-31 12:12 am | Resource: Technical Analysis | No Views : 371

Time frame Used - four hours
The Dow Jones industrial average30  is moving in a bearish direction in the near term
the Purchasing power managed to control the movement of the Dow Jones to bounce back to level of  24712
In view of the technical indicators
Both the RSI and Stochastic are indicating to weakness of the  indicators
Accordingly, we expect that  the Dow jones  will  fall back to level of  24508 again
  The alternative scenario is that  the Dow Jones breach level  of 24712 higher to target the level of  24808
Resistance: 24712 - 24808 - 24903
Support: 24623 - 24508 - 24241
Direction: Down
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