The Dow managed to meet the target of 47600-700 last week to open with drop gap as the Oil surge threatens the whole U.S. economy.
As we see from the chart, the market is facing a resistance zone around 46800-47000 where as long as market holds below it, the risk for a further drop towards the support of 45700 could hit the market.
Above 47000 more advance toward 47600-800 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 46300 | 46800-47000 |
| LEVEL2 | 45700 | 47600-800 |
| LEVEL3 | 45100-200 | 48100-200 |
