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DOW JONES Technical analysis 4 December 2018

2018-12-04 05:45 am | Resource: Technical Analysis | No Views : 254

Time frame Used - four hours
The Dow Jones industrial average30 is moving in a bullish direction in the near term.
The Purchasing power managed to control the movement of the Dow Jones to break through the resistance level of 25500  to reach a level of 26076 where it faced selling pressure around this level pushed it down again
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 the 25500-25200 levels.
  The alternative scenario is that the Dow Jones retests levels of 26076-26288.
Resistance: 26076 -26288 - 26562
Support: 25500-25200-25100
Direction: Up
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