Dow Jones 2015-01-16

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Dow Jones: 17240

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 last week

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

market managed again today to re-test support zone of 17150-200

as long as market holding trades above 16970 market will hold chances for another rebound toward 17900-80 zone , while below 16970 market may initiate new downtrend wave that may target 16200 zone

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 17150 17385
Level 2 16975 17535-85
Level 3 16800 17720


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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