The Dow managed to break above resistance of 44100-200 last week and hit the target of 44800.
As we see on the chart, prices face a new support zone around 44100-200, where as long as the market holds above it, the advance wave could expand toward 45200.
Below 44100 a chance for farther drop toward the 43300-400 zone could hit the market.
First Intraday support is at 44500.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 44500 | 44850 |
| LEVEL2 | 44100-200 | 45200 |
| LEVEL3 | 43730 | 45600 |
|
Join our responsible trading community - Open your Orbex account now! |
