Dow - Further gains above daily high

FX:US30   Dow Jones Industrial Average Index
Resistance – 17,784, 17,892, 18,018

Support – 17,714, 17,652, 17,589

  • Dow’s recovery of today’s low of 17,657 followed by a move back above 17,714 (61.8% of 18,118-17,060) following Wednesday’s bullish closing would open doors for a rally to 17,892 (78.6% of 18,118-17,060) levels.
  • On the lower side, 174,714 is a good support, which if breached could see the index re-test 17,652 levels.
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