Technical Outlook for Dow Jones 7-7-2015

Technical Outlook for Dow Jones 7-7-2015

Dow Jones moved yesterday in the average movement of 290 pips, its highest level at 17640 and the lowest Level at 17354 and closed at 17625 to Gain 228 pips and close the Gap over during yesterday’s trading according to the economic data.

Dow opened today's trading at 17689 volatile between 17647 and 17688 during the Asian session trading at 40 Pips for the poor liquidity in the market range, and in the European session the Dow went up to 17724

Dow moves in a series of up impulse waves in a parallel price channel

We saw the indicator achieved our target at 17650

It is expected that the Dow is heading targeting 17840 as the target on time frame of four hours and till now we see the Bulls control on market direction

And the Relative Strength Indicator "RSI" show us accumulation operations at the market

Today at 12:30 we are looking for Trade Balance from USA

Today we could see sharp trading because of the economic data from USA

Support levels: 17439 and 17253 and 17153

Resistance levels: 17725 and 17825 and 18011

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