Tuesday, September 11, 2018

DOWJONES - 12 September 2018


Fundamental Highlights

U.S. equity indices were pushed higher with the Dow strongly climbing by triple digits during yesterday’s session, as energy and telecommunications rallied. Telecommunications were among the best performers while the energy sector got a lift from strong crude oil prices. Trade worries were simmering below the surface as investors continued to monitor the situation between the U.S. and China, yet tech stocks managed to recover some losses.

Technical Analysis

The Dow climbed 113.99 points after two consecutive losing sessions. After a strong move yesterday, the index may find itself easing off slightly before continuing its upward move towards the 26044 resistance and might break this level. For today's session the Dow seems to be a strong buy.

Support: 25883 25781
Resistance: 26044 26088

Chart (H1)