Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Emini Dow Jones: Forecast

Published 12/11/2014, 12:01 AM
Updated 07/09/2023, 06:31 AM

Emini Dow Jones Weekly Chart

Emini Dow Jones will need to hold above 17,770 to continue the recovery. Immediate resistance at 17,790/17,800 but above here is more positive and can target 17,860/870. We should struggle here and a high for the day is certainly possible but shorts need a stop above 17,895. Be ready to go with a break higher then to target 17,925/930 and 17,950/960. Above here of course we run into the all-time highs at 17,980.

Failure to beat 17,800 keeps the market under short-term pressure. Below 17,770 adds pressure to target 17,735/730. If we continue lower again today, look for 17,705/700 before good support at 17,670/660. There is a good chance of a bounce from here but longs need a stop below yesterday's low of 17,623. On a break lower however we should target 17590/580 then 17560/555 & possibly 17520/10 before a buying opportunity at 17480/470.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.