Forecast Dow Jones Futures on January, 12 2016

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Analysis of stock index futures on the Dow Jones shows that the price continued downward movement. MACD indicator shows a pronounced downward movement. Price is below the moving average, indicating that the downward movement. Last Heiken Ashi bar is red, which shows downward trend. The CCI indicator turned, indicating the upward correction.

Daily Chart Dow Jones Futures

Forecast Dow Jones Futures on January, 12 2016

Support Levels Dow Jones:

  • S1 - 16095.00.
  • S2 - 16000.00.
  • S3 - 15855.00.

Resistance Levels Dow Jones:

  • R1 - 16250.00.
  • R2 - 16320.00.
  • R3 - 16460.00.

Trading Recommendations Dow Jones:
Most technical indicators point to the downward movement of the futures on the Dow Jones. Open long orders is not recommended. At the break of support at 16323 is recommended to open short positions with the medium-term target at 16,000.