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