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Dow Jones Futures

3/10/2017 1:44:52 AM

Dow Jones Futures - Technical Analysis: Friday, 10/03/2017 06:44 GMT

Dow Jones Index continues to decline gradually inside the minor descending channel that pushes the index for potential test to the important support 20685, and we need to monitor trades carefully in case the index started to test this level, which represents the support line of the rising wedge that limits trades since the middle of last year, thus, breaking it will confirm the beginning of bearish correction on the short term and medium term basis.

Until now, we believe that the chances still valid to resume the main bullish trend, and the index needs to surpass 20870 then 21025 barriers to confirm rallying towards 21355 as a next target, noting that the exponential moving average 100 continues to support the expected bullish wave.



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