The Dow Jones futures fell most of the session on Thursday, but managed to find support at the 13,200 level in order to form a hammer as we bounced back
The Dow Jones futures fell most of the session on Thursday, but managed to find support at the 13,200 level in order to form a hammer as we bounced back up. Because of this, it does look like we are certain see support in this market, and as a result a break of the highs from the Thursday session would be a strong signal for the buyers to come back into the marketplace. This is our base case at the moment, as we do expect to see continued buying.
Dow Jones Industrial Average Futures Forecast December 21, 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.
