FxWirePro: Dow Jones faces strong support around 17750, good to buy at dips
Major intraday support - 17760 (trend line joining 17655 and 17745 and also 200 day HMA) The index has taken support near 200 day HMA and recovered from that level. Any further weakness can be seen only if it close below…
Major intraday support - 17760 (trend line joining 17655 and 17745 and also 200 day HMA)
The index has taken support near 200 day HMA and recovered from that level. Any further weakness can be seen only if it close below 17760. Below 17760 will drag the index till 17650/17500.
The index minor resistance is around 17920 (20 th Nov high) and any break above targets 17980/18020.
It is good to buy at dips around 17815-20 with SL around 17745 for the TP 17920/17980
