Dow Jones 2015-04-08

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Dow Jones: 17804

Equity on a bigger consolidation pattern – with upward slope

On the longer-term as long as market trading higher than 17,000 us dollar for the index ;then it is an buy opportunity to target $20,000. in case now rate hike by the Fed.

short-run

Market on short-term is in a correction phase would target 17250 in case is traded below 17500 , while in case market continued its up swing and crossed 18000 then our longer-term target of 20,000 would be most probable. Moreover , the range which the market trading inside it would be also continue till a successful break of 18200 or 17000 and the breakout direction would push the market further on new levels on the mid-term point of view.

So market will be ranging with up slope until 18,200 penetrated then 18,500 would eb the coming target (Higher probability scenario )

Daily Trend: Neutral
Weekly Trend: Up

  Support Resistence
Level 1 17550 17850
Level 2 17280 18000
Level 3 17000 18150

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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