DOW JONES Daily Forecast Dec 11 2014

USA654 rodghg
USA654 rodghg

Outlook in DOW JONES  index has turned to the downside as long as 17840 resistance holds on a daily closing basis , support comes at the 17497 levels , below this level will open 17365 levels ,a halt is likely , but a cut would open 17200 next , further down will aim the 17000 levels .

On the upside , a failure to hold below the 17497 levels on a daily closing basis could mean a return to the 17840 levels , a halt is likely , but a breach will recapture the 17978 levels .If this resistance is taken out , expect the pair to strengthen further towards the 18120 levels , further gains will pave the way towards the 18300 levels ahead of the 18500 levels.

In all , as long as 17840 resistance holds on a daily closing basis , outlook  in DOW JONES  index remains on the downside towards the 17365/17200 levels , above 17840 will reverse risk towards the 17978/18120 levels .

In the medium term forecast , as long as 17352 support holds on a weekly closing basis , the pair is targeting the 18830 levels ahead of the 19000 levels , below 17352 will turn outlook neutral and bring consolidation above the 16650 levels.

 

DOW JONES Daily Forecast Dec 11 2014

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