Dow Jones Industrial Average Futures October 23, 2012, Technical Analysis

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The Dow Jones had a slightly bullish session on Monday as we bounced off of the 13,250 level. This is an area that has caused supportive action previously and as such a look like we’re getting ready to consolidate back to the top of this range again. Having said that, we think that the top of the range is roughly the 13,600 level. With this in mind, we would be willing to go long at this point time, but only for a trade as we think the market will be erratic and unstable as the problems in Europe and potential ones in Asia continue to plague bullish investment sentiment.

 

Dow Jones Industrial Average Futures October 23, 2012, Technical Analysis

Dow Jones Industrial Average Futures October 23, 2012, Technical Analysis

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
About:FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

  View all of FX Empire Analyst - Christopher Lewis's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.