Dow Jones index continues to trade in the green zone as the trade duties tension between the US and China declines.
Yesterday, Xi Jinping said that China will work out new methods to protect intellectual property rights and expand access of foreign investment to the domestic market. This lead to a significant growth of the shares of American companies: the leaders were IT and energy sectors, the latter also grows due to increasing energy prices. Growth also touches large social network Facebook, whose securities went up by almost 4% after the head of the company Mark Zuckerberg began to give evidence about data leakage. Additional volatility in the market may be triggered by the reporting season, which starts this week.
On Friday, financial companies such as Citigroup, Wells Fargo, and JP Morgan will publish their data.
Support and resistance
Stochastic is at 42 points and does not provide signals for the opening of positions.
Resistance levels: 24375.0, 24531.3.
Support levels: 24062.5, 23906.3.
Long positions may be opened from the level of 6/8 Murray or 24062.5 with take-profit at 24375.0 mark and stop-loss at 23906.3.
DJIA index of the American stock exchange
|Support levels||23906.3, 24062.5, 24375.0, 24531.3|
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