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Dow Jones Futures






5/22/2017 3:08:26 AM

Dow Jones Futures - Technical Analysis: Monday, 22/05/2017 07:08 GMT



Dow Jones Index found strong support formed by the previously breached resistance as appears on the chart below, to bounce to the upside and start testing the important resistance 20800, as settling below this level represents the main condition to continue the bearish trend mentioned in our last report, waiting to visit 20393 initially.

We should note that surpassing 20800 and settling above it will lead the index to achieve more gains on the short term basis, to head towards testing 21169 initially, and surpassing this barrier will confirm resuming the bullish trend on the medium term and long term basis


Target
Risk


Support
Resistance


Trend Bearish

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