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DOW JONES: 16-10-2017

DOW JONES: 16-10-2017
October 16
05:10 2017

US Inflation rate rises to 5 month high which is negative for US dollar.  Next week US Federal Reserve Yellen Speech is very crucial for equity markets across the globe.  WPI Inflation, WPI Fuel, WPI Manufacturing YOY data’s are expected next week.

Dow Jones has resistance at 23000 and 23246.  Support for the Dow is at 22781 and 22555.  As the RSI is positioned at above 80 clearly indicates heavily over-bought situation.

 

Image Credits: “Venturelli Luca/Shutterstock.com”

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ALEX MATHEWS

ALEX MATHEWS

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