Dow Jones Trading: Approaches Key Resistance. 23 Novembre 2015.

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Dow Jones

Dow Jones has inclined on past Friday, approaching the key resistance level of 17975.00 as anticipated in the last technical update.

Dow Jones Trading: Approaches Key Resistance. 23 Novembre 2015.

Currently, ADX shows a sign of trend exhaustion despite being positive until now, while RSI14 remains stable above the value of 50.00 alongside stability above moving averages.

We remain bullish on the index; noting that, a sustained breakout above 17895.00 will affirm and accelerate.

Support: 17700.00-17620.00-17550.00

Resistance: 17900.00-18030.00-18125.00

Direction: Bullish.