Dow Jones 2015-01-07

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Dow Jones: 17395

Equity on trading zone

Dow managed to hit zone of 18000-100 last year which provided good zone to re-short-sell market as we advised before

as long as market holding trades below 18100 will expect some drop pressure to start affecting market where another drop correction toward 17200 may be expected, which already done yesterday

market may hold short-run trading zone between 17000 – 18100

market managed to restore strength after testing 17150-200 zone

market now facing resistance at 17500 where above this zone expect 17740

as long as market holding trades above 16970 expect another rebound correction toward 17900


as we mentioned at the end of 2013 , Dow managed to head toward near 18000 by the end of 2014

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 17315 17500
Level 2 17200 17740
Level 3 17150 17900


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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