Technical Outlook for Dow Jones 21-6-2015

Technical Outlook for Dow Jones 21-6-2015

Dow Jones moved yesterday in the average movement of 221 pips, its highest level at 18132 and the lowest Level at 17910 and closed at 17911 to lose 208 pips, during Friday’s trading.

Dow opened today's trading at volatile between 17962 and 17993 during the Asian session trading at 30 pips for the poor liquidity in the market range, and in the European session the pair went up to 18074.

Dow moves in a series of up impulse waves after breaking the price channel.

And we saw the dow jones achieved our target at 18070

It is expected that the oil is heading targeting 18200 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 we could see sharp trading because of the economic data from USA

Support levels: 17836 and 17762 and 17614

Resistance levels: 18058 and 18206 and 18280

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