Dow Jones catches its breath
US30
OUTLLOK
Yesterday, the index price recorded the level of 35030 and then began to form a sideways fluctuation, trying to catch its breath before resuming the main upward attack, thus settling near 35015.
Now the price trade at the important resistance zone 34885 - 35050 consolidation above that zone will help the price to rise up and build a positive momentum to reach 35320 and 35647
It should be noted that breaching and stabilized the price under 34885 will stop the bullish corrective trend and lead the price to try to recover and retest to 34624 and then push up
The expect range trading for today it will be between 34885 support line and 35050 resistance line until breaking one of them
Additionally , today New York season will affect on the US stock index futures
Additionally , According to Morgan Stanley the Dow Jones will reach to 37300
support line: 34885 , 34624
resistance line : 35050 ,35320
OUTLLOK
Yesterday, the index price recorded the level of 35030 and then began to form a sideways fluctuation, trying to catch its breath before resuming the main upward attack, thus settling near 35015.
Now the price trade at the important resistance zone 34885 - 35050 consolidation above that zone will help the price to rise up and build a positive momentum to reach 35320 and 35647
It should be noted that breaching and stabilized the price under 34885 will stop the bullish corrective trend and lead the price to try to recover and retest to 34624 and then push up
The expect range trading for today it will be between 34885 support line and 35050 resistance line until breaking one of them
Additionally , today New York season will affect on the US stock index futures
Additionally , According to Morgan Stanley the Dow Jones will reach to 37300
support line: 34885 , 34624
resistance line : 35050 ,35320
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