Tuesday, December 16, 2014

High volatility on the Dow Jones

The Dow Jones Index has been very volatile for today, along with the major markets due to the high price fluctuations on Crude and a comeback of risk aversion. The index has found a good support around the 17000 round number level, with a good resistance at the 17433 level. The current Doji formation is an indication of indecision with high volatility due to the long shadows. If the next daily candle is bullish, then we could see an end to the current correction and the price may try to go higher and probably try to visit the next round number level of the 18000.


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