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DOW JONES Technical analysis 10 July 2018

2018-07-09 11:20 pm | Resource: Technical Analysis | No Views : 101

Time frame Used - four hours
The Dow Jones industrial average 30  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 the resistance level around the level of 24571 to reach the level of 24793 where it is facing selling pressure around this level
Both the RSI and the Stochastic are pointing to the arrival of indicators in the overbought area
Accordingly, we expect that  the Dow jones will  test level of 24571 - 24481 again And then return to rise again to target level of  25077
  The alternative scenario is that the Dow Jones breach level of 24793 higher to target level of 25007
Resistance: 24793 -25077 - 25373
Support: 24571 - 24481 - 24260
Direction: up
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