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Thursday, December 1, 2016

Dow

Oil inspired rally failed to hold on te DOW. Investors went on a buying rampage on news of OPEC agreement to cut oil supply. The oil rally holds but DOW did not. Investors sold off towards the last hour of trade. It was a significant day because the rally came with huge volume. For now dow is capped at 19230. This blog will be bearish if dow breaks 18054. Any break below this level could take the dow to 18600. With the OPEC out of the way the market focus will shift ti the Italian Referendum.




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