Dow formed a head and shoulder in monthly chart and given the confirmation. It normally indicates a possibility of downward movement. Next major support area will be around 10325/75. Breaking of this area may take it to next area around 8000/100.
Nearby resistance area‘ll be around 12100/200.
RSI entered into oversold area and can become more oversold.
Only any major changes like sudden weakness in crude or any other major data can give some volatility.
Nearby resistance area‘ll be around 12100/200.
RSI entered into oversold area and can become more oversold.
Only any major changes like sudden weakness in crude or any other major data can give some volatility.
1 comment:
very nice
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