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Technical Analysis

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

DowJones, February 8, 2021

Technical Analysis
Monday, February 08, 2021 - 16:27
Point Trader Group
DowJones, February 8, 2021

Overview:

Prices are moving in a short-term downtrend

Expected:

The index is trading below a strong resistance level around 31230, which might push the index to go downwards to reach the level of 31000.

Alternative Scenario:

On the other hand, we think that if the level of 31230 is broken to the upside, this index might be pushed upwards 31400.

Resistance31600.0031400.0031230.00
Support30723.0030850.0031000.00

 

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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