On Friday, Dow Jones Index ended in a positive tone. ADS Securities’ analysts present their 12 March Dow Jones trading outlook.
12 March, ADS Securities – The Dow Jones index ended with a positive tone in Friday’s session, supported by gains in banking and financial sector stocks. Moreover, shares of Chevron, Caterpillar and General Electric emerged as the top gainers in the index.
12 March Dow Jones Trading Outlook
As of now, the index is trading in an upward trending channel on the 1H chart, reflecting at a bullish technical picture for the coming session. Also, the MACD indicator is trading in its positive region, further endorsing the above stance. Immediate resistance is located at the 25380 level, followed by the 25420 and 25490 levels.
A sustained break above the latter might trigger further bullishness in the index. On the contrary, intraday support is aligned at the 25285 level, followed by the 25230 and 25170 levels. If the latter fails to hold, it might generate negativity in the index.
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