Dow Jones 2018-06-28

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As we advised early this week and as we see over our previous chart

Dow still facing drop pressure after the signs of more Global Trade War while market broke below 24550 support threaten for more drop movement

Short-Run see as long as Daily close sustain below 24850 a downtrend wave may hit the market toward 23300-500 zone

Any daily close above 24850 may restore the uptrend wave again

Intraday facing first resistance at 24280 and 24570

  Support Resistance
Level 1 24080 24280
Level 2 23900 24570
Level 3 23700 24660
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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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Rami Abu-Dra`a is a Chief Technical Analyst at Orbex and a holder of B.S Degree in Banking & Financial Science / Subsidiary Economic. Rami ‘s strategic vision of forex markets, enhanced by more than a decade of trading experience, allows him to efficiently mix fundamental and technical analyses, and find the best investment ideas for Orbex traders.

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