E-Mini Dow Jones daily technical overview is neutral within a well defined upward trend. Momentum indicator confirms the bullish trend.
E-Mini Dow Jones Thursday, March 16 close was slightly lower at 20882 (-0,08%). Technical overview applied to the daily chart is neutral within a well defined upward trend. For today trading session we can expect price fluctuations between support and resistance levels. Momentum indicator confirms the underlying strong bullish trend.
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Simple Moving Average (SMA)
E-Mini Dow Jones quotes are above 14 days moving average (SMA value is 20871).
Daily chart shows a decrease in volumes compared to the previous day.
Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 16/03/2017.
Performance: 7 trading days= +0.07% – 15 trading days= +0.46% – 30 trading days= +4.49%
Resistance levels: R1= 20961 – R2= 21040 – R3= 21178
Pivot Point: 20902
Support levels: S1= 20823 – S2= 20764 – S3= 20626
Buying opportunity above 20961 targets minor resistance at 21049 and perhaps as far as strong resistance at 21120, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 21321.
Selling opportunity below 20796 targets minor support at 20715 and perhaps as far as strong support at 20644, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 20439.