Forex Trading Library

Dow Jones 2014-12-22

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Dow Jones: 17810

Equity demand

Global Equity markets faced drop around the world , where continues drop of Oil threaten inflation for more drop , while Russian surprising rate hike placed demand for haven

market managed to fell below 17200 support zone which added more drop over equity , where market anticipate Fed to head next year for rate hike

as long as market holding trades above 17000 a rebound correction may be expected toward 17700 zone , below 17000 expect 16600-700 zone

Short-run

market managed to sustain rebound where managed to hit our target 17700 , while managed last Friday to sustain advance over future contract toward 17845

market may head for another drop correction where short-run still seeing trading zone between 17000 – 18100

Long-Run

as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year

Daily Trend: Down
Weekly Trend: Up

Support Resistence
Level 1 17640 17845
Level 2 17500-20 17980
Level 3 17360 18100
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