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Best Opportunities, Vision and Technical Analysis for The DOW JONES 12 April 2019

2019-04-12 01:55 am | Resource: Technical Analysis | No Views : 118

We offer you the analysis of the Dow Jones Industrial Average30 on Friday, April 12, 2019, with the most important forecast for the Dow Jones US market.
Time frame Used - four hours
The Dow Jones industrial average is moving in a bearish direction in the near term.
dow jones chart
The Dow jones continues to face resistance and selling pressure around 26245 level as the US manufacturing index continues to suffer from the Bollinger's moving average line as a result of investors' expectations but remains at the highest support level 26112
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of the indicator to the oversold area.
Accordingly, we expect that the Dow jones will decline to 25900-25800 levels  again.
The alternative scenario is that the Dow Jones retest 26245-26343-26494 levels .
Resistance: 26245 -26334 - 26494
Support: 26112-26000-25900
Direction: Down
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