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Short

Dow Jones breaks minor trend line support, targets 17650

FX:US30   Dow Jones Industrial Average Index
163 0 2
Major intraday support – 17845 ( trend line joining 17775 and 17799)

The index has broken intraday support of 17845 and is currently trading around 17816. Intraday trend is slightly weak a decline till 17760/17650 is possible.

Dow Jones has made high of 17897 and started to decline from that level. It should break 17920 (20 th             Nov high) for further bullishness and break above targets 17980/18020.

It is good to sell on rallies around 17835-850 with SL around 17980 for the TP of 17755/17650.
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