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Trade Alert: Dow Jones * Rising Oil Prices
I see no upside momentum on the Dow past 12400. See chart: The Blue 50-day MA, is where the Dow has 'Twice' bounced off from and built up a large scale lower below the 20-day MA. Short Term, there will be no action above 12100, but certainly nothing toward 12700. The black line, shows just how many times the Dow has sought salvage here in terms of 'Rest.' It could well be back here tomorrow. However, I do not see a Major Sell-off for the next week or so, has a lot of the bad news has of now is priced in. i.e. Oil and some extra data today etc. At the most, I see a test of 12800, but nothing above 12100, while we are in the trade. Take advantage of the premium available by BOM Sorry for the urgency I want to get in quick! The Details: Market: Wall St Index Type of Trade: Barrier Range High Barrier: 12245 Place 15-20% of your trading pot on this trade Do not place trade if odds are over 45%. If they are, you can widen the range (evenly), to reduce odds. Very Best - Have a lovely day Matt Shaw Click here to sign up with BetOnMarkets.com *The value of your investment and the income from it can go down as well as up and you may not get back a significant proportion of your investment. Past performance is not a guarantee of future performance. If you are in any doubt as to the suitability of an investment, you should seek independent financial advice. |
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