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DOW JONES Technical analysis 12 July 2018

2018-07-11 11:50 pm | Resource: Technical Analysis | No Views : 72

Time frame Used - four hours
The Dow Jones industrial average 30  is moving in a bullish direction in the near term
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 24943
In view of the technical indicators
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 25077
  The alternative scenario is that the Dow Jones breach level of 25077 higher to target level of 25373
Resistance: 25077-25373 - 25506
Support: 24793 - 24571 - 24448
Direction: up
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