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Dow Jones Futures






3/22/2017 3:00:36 AM

Dow Jones Futures - Technical Analysis: Wednesday, 22/03/2017 07:00 GMT



Dow Jones Index achieved clear break to the rising wedge's support that appears on the chart below, which indicates the beginning of bearish correction on the short term basis, noting that the correctional targets begin at 20395 and extend to reach 19914.

Thus, the bearish trend will be expected in the coming period, noting that breaking 20665 will confirm the continuation of the negative pressure on the short term basis, while surpassing 20965 will stop the current decline and push the index to return to the main bullish trend again and stop the expected bearish correction.


Target
Risk


Support
Resistance


Trend Bearish

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