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Dow Industrial Average trades above its 100 hour moving average
With the market heading to the close, the Dow Industrial Average is looking to close above its 100 hour moving average at 33934.11. A close above that level would be more bullish in the short term.
On Friday, the price moved lower and closed near the 200 hour moving average (green line in the chart above). The open today above them moving average do the buyers the go-ahead to push higher. The price - prior to Friday - last traded below the 200 hour moving average back on October 17.
... Read More Posted: Dec 12 2022, 20:52
Author Name: forexlive
Views: 111639