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5/26/2016 12:45:03 AM

Dow Jones Index achieves strong gains – Technical Analysis – 26-05-2016



Dow Jones Index managed to breach the correctional descending channel’s resistance strongly, after 23.6% Fibonacci level succeeded to form strong support barrier that stopped the index’s negative attempts.

The exponential moving averages 50 and 100 provide positive support to the index, to push trading upwards towards the previously recorded top at 18084, and the index might show some bearish bias to retest the breached channel’s resistance at 17694 before turning back to rise.


Target
Risk


Support
Resistance


Trend Bullish

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