Reply To: Technical Index Trading & Analysis

Home Forums Technical Index Trading & Analysis Technical Index Trading & Analysis Reply To: Technical Index Trading & Analysis

#3143
RS2OOO
Keymaster

Following today’s settlement Oil is down 8% today according to Talking-Forex. Although my chart shows -6%

Of all Indices DOW does look weaker than the rest.

I believe DOW leads U.S Indices but I also believe FTSE is the Canary for all major Indices.

Still, for the time being, 6875 region is still major resistance for FTSE until proven otherwise, its only that after so many attempts to break it, surely it will succeed eventually.

17,754 is the precise down trend line on DOW. Will be interesting to see what happens when price gets there. Again, that is resistance until proven otherwise and has to be worth a short with very tight stop.