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Dow Jones is Facing Downside Pressure

Burc Oran by Burc Oran
November 19, 2020
Reading Time: 1 min read
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Monday, June 14, 2021 Headlines
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Dow Jones Graph shows 200 Hours Moving  Average
Dow Jones Mini Generic Hourly, 200 Hours Moving Average

Dow Jones is starting to weaken after testing 30.000 resistance three times and reversed. If price stay below 200 hours moving average and 29.440 level, downside pressure may increase and a fall to 28.780 become possible. Below 28.780 moves may lead to %50 level of November rise which is nearly at 27.975 level.

If price rise above 29.440 and holds there 30.000 is still a powerful resistance can limit upside moves. 

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Tags: Dow jonesindexIndicesTechnical Analysis
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