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Dow Jones: Keep a close eye on oil prices

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dow Jones Industrial Average: Daily Technical Chart Momentum: MACD: Positive RSI: Positive Trend Stochastic: No clear signal, in overbought territory Daily Price Action Trend: Positive Last relevant high: 17,099.3 Last relevant low: 16,510.5 Comment: The Dow rallied again yesterday making it five positive sessions in a row, something we haven’t seen since the start of October. Rallying oil prices were behind the bullish market sentiment and traders should be keeping a close eye on oil price as

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