The Dow Jones continues to levitate because it treads in document territory. It’s a tricky spot proper no
The Dow Jones continues to levitate because it treads in document territory. It’s a tricky spot proper now for these trying to set up recent positions because the market may endure a minor setback for brand new longs, however nonetheless too sturdy and with out good danger thresholds for shorting.
This leaves present longs from good costs nonetheless in good condition for the time being. There’s a top-side trend-line working over as a part of a broader channel. It at the moment clocks in round 28800 on the present trajectory, however is in fact set to alter with any delays. Help arrives by way of a trend-line from the October low, may give dip-buyers one final stable danger/reward alternative earlier than the calendar flips.
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Dow Jones Each day Chart (watch higher slope, rising trend-line)
WTI crude oil has been very tough to commerce throughout the second-half of 2019, and that doesn’t look set to alter a minimum of till the brand new 12 months arrives. Crude is at the moment up towards a descending trend-line,…