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DOW JONES Technical analysis 12 June 2018

2018-06-12 12:10 am | Resource: Technical Analysis | No Views : 107

Time frame Used - four hours
The Dow Jones industrial average30  is moving in a bullish direction in the near term
DOW JONES CHART
the Purchasing power managed to control the movement of the Dow Jones to break through the 25077 level to upside to reach to level of 25373 Where it faces resistance and selling pressure around this level
In view of the technical indicators
Both the RSI and Stochastic are indicating to decline of the indicators
Accordingly, we expect that  the Dow jones  will  test level  of 25077 - 24909
  The alternative scenario is that the Dow Jones retreated below  level of 24909  
Resistance: 25373 -25573 - 25819
Support: 25077-24909-24630
Direction: Up
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