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Dow Jones Futures






4/6/2017 1:00:17 AM

Dow Jones Futures - Technical Analysis: Thursday, 06/04/2017 05:00 GMT



Dow Jones Index attempted to surpass 20780 level but it couldn't confirm this breach, as it closed the daily candlestick below it, waiting for new bullish rally and settling above the mentioned level to confirm the continuation of the bullish trend on the long term basis.

Thus, we expect witnessing new positive attempts in the coming period, and surpassing the mentioned level will push the index to visit 21169 level initially, while breaking 20620 will push the index to test 23.6% Fibonacci level at 20395 again, noting that breaking this level will extend the correctional bearish wave to reach 19914.


Target
Risk


Support
Resistance


Trend Bullish

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