Dow Jones 2015-05-29

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Dow Jones: 18120

Continuation the uptrend

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. . However , on the chart we can see the market was trading within the channel ; however , the market has penetrated that channel for upside move which means more upside momentum on the short-term. .

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So market will be ranging with up slope until 18,200 ( Penetrated it already ! ) then 18,500 would be the coming target (Higher probability scenario )

Daily Trend: Down
Weekly Trend: Up

  Support Resistence
Level 1 18000 18150
Level 2 17950 18250
Level 3 17780 18500

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

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