August 27, 2010

Dow Jones futures before opening bell

  • Dow Jones futures is approaching 10100 level. Index got resisted at this area in the recent past.
  • A big move on the upside will be possible on a good breakout of this level.
  • If the index gets resisted at this level. It will trade in a range as discussed below
  • Dow Jones futures is trading in a range of 185 points. with 10101 being the resistance and 9916 the recent low will be the support.
  • Break of 10101 can give good upside momentum for the index. Break of 9916 convincingly can take the index up to 9830 levels.

No comments:

Post a Comment