Dow Jones Industrial Average - Price chart analysis
Last week, we saw DJI fell and breached two major support price points at 25866 and 25170, and towards the end of the week, it managed to bounce off a couple of times around 25170, which is an indication of a strong support level. It has now been tested again in today's opening trades. DJI opening trades held above 25170 but immediately drifted towards 24904 and bounced off at the time of writing. It is now evident that 25170 is the current level to watch in terms of heading back up at this point. Major resistance is at around 25866. The next two major support is estimated at around 24466 and 23773.
Last week, we saw DJI fell and breached two major support price points at 25866 and 25170, and towards the end of the week, it managed to bounce off a couple of times around 25170, which is an indication of a strong support level. It has now been tested again in today's opening trades. DJI opening trades held above 25170 but immediately drifted towards 24904 and bounced off at the time of writing. It is now evident that 25170 is the current level to watch in terms of heading back up at this point. Major resistance is at around 25866. The next two major support is estimated at around 24466 and 23773.