The DOW: buy in case of overcoming 18070

By | July 17, 2015

Dow index continues to remain in an upward trend that began after testing support in the field of 17400. Data on consumer price inflation, published today at 12.30 GMT, almost in line with analysts expectations. The main indicator of consumer price index (CPI) gained 0.3% compared with the previous month, while its core increased by 0.2%. Inflationary trends are developing in line with expectations and did not become an occasion to review the monetary policy by the Fed in the near future.

Dow Jones futures checked the strength of a 50-hour moving average, which is located in the 18010, and where they are still good support. The market is ripe some correction, but the prices are very reluctant to move down, signaling the potential for growth. Buy when receiving technical signals the resumption of the uptrend.

dow chart
Dow chart
Trading analytics
The Dow (YM)   –   buy dow   –   Entry price: 18070. Goal: 18220. Stop loss: 17980.
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.
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