Dow Jones gathers its positive strength – Technical Analysis – 06-11-2015

Dow Jones Industrial Index Average trades within ascending channel on the short term basis, which assisted it to achieve gains, supported by the positive moving average 50, noticing that the index is stopping now trying to gather some positive momentum to assist it to keep the bullish trend, forming a bullish flag pattern, waiting to breach this pattern’s resistance to confirm its completion.

Therefore, we expect more rise for Dow Jones in the coming trading, targeting 18006.00 resistance initially.