The Dow Jones index is trading with positive dynamics and is approaching the upper boundary of the side channel 24514.1, which is a strong resistance level.
Positive macroeconomic statistics from the US supported the markets: ISM Manufacturing PMI grew to 60.2 points against 58.7.
The Chinese exchanges trade with negative dynamics, as investors are concerned about trade wars and expect July 6, when duties on goods from the PRC will be introduced, with the total amount about 34 billion dollars. Such a trend may also adversely affect US markets because of the increase in global risks against the backdrop of trade wars.
Donald Trump's statement about the intention to leave the WTO if the US does not receive additional preferences from this union can be taken negatively.
Today, on the eve of Independence Day, the US does not expect strong movements at the stock market.
Support and resistance
Stochastic is at 78 points and does not provide a signal for the opening of positions.
Resistance levels: 24514.1, 24609.4.
Support levels: 24218.8, 24023.4.
Short positions may be opened from the resistance level of 24514.1 with take-profit at 24218.8 and stop-loss at 24609.4.
DJIA index of the American stock exchange
|Support levels||24023.4, 24218.8, 24514.1, 24609.4|
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