Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Emini Dow Jones: Forecast November 20, 2014

Published 11/20/2014, 05:51 AM
Updated 07/09/2023, 06:31 AM

Emini Dow Jones Weekly Chart

Emini Dow Jones tested the 17600 level to bottom at 17591. Prices topped 13 ticks below resistance at 17695/17700. This all time high could hold a move higher again today as we appear restricted by overbought conditions. Any further gains however could make it as far as 17735/740 then 17770/75.

Watch 17640/630 then yesterday's low at 17590. Be ready to go with a break lower today to target support at 17550/540. Buy into longs expecting a low for the day with a stop below 17510. Just be aware that a break lower however could then target 17455/45 before an excellent buying opportunity at 17400/390.

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.