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DOW JONES: 12-12-2016

DOW JONES: 12-12-2016
December 11
17:59 2016

US markets are looking very strong on charts.  The daily, weekly and monthly charts are giving buying indications, but only minor problem is that it is overbought.  DOW is likely to move up further towards the north, but up side is capped due to overbought situation.  Investors are also closely monitoring the US FED’s move on 15th of December.  If FED increases interest rates then global equity markets may take a toll including DOW.  DOW has support at 19338 and 19500.

 

Image Credits: “Venturelli Luca/Shutterstock.com”

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ALEX MATHEWS

ALEX MATHEWS

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