Friday’s Technical Outlook for DJIA (.DJI)
US stocks closed mostly lower Thursday, reversing early gains, pushed down by a sharp decline in Crude Oil prices as investors adopt a cautious stance ahead of the US NFPs report.
The DJIA lost 22.74 pts, or 0.13% to close to 17,895.88.
The S&P 500 fell 1.83 pts, or 0.09%, to 2,097.90.
The NAS Comp closed + 17.65 pts, or 0.36%, at 4,876.81.
The DJIA technical picture has turned from Neutral to slightly Bullish, as the daily indicators are flat above their mid-lines, and the index holds above the 20 and 100-Day MA crossover.
In the 4 hours, indicators point slightly higher around their mid-lines also supporting limited gains ahead of the official US jobs situation report Friday morning.
Support marks: 17,720 17,655 17,467
Resistance marks: 18,016 18,051 18,118
Latest posts by Paul Ebeling (see all)
- Business Spending Dives, Durable Goods Orders Fall, Recession Looms - October 27, 2016
- WikiLeaks: Clinton Foundation and Billy Got Paid - October 27, 2016
- Central Italy Earthquake: Damage, Panic, Fear, Injury Abound - October 27, 2016