The Dow Jones Industrial Average futures rose during the session on Monday, albeit in a fairly tight range. We are currently pressing up against the
The Dow Jones Industrial Average futures rose during the session on Monday, albeit in a fairly tight range. We are currently pressing up against the 13,200 level, and this is significant resistance in my opinion. However, above that level we could see a nice run back to the 13,600 level if we can clear it on a daily close.
The candle on Tuesday and Wednesday will be very interesting and important as far as the next 200 points in this market are concerned. Simply put, the next move will be to 13,000 or 13,400 once we decide what to do about this level.
Dow Jones Industrial Average Futures Forecast December 11, 2012, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
