Dow Jones is waiting for pending orders 15/12/2022

Mixed trading dominated the movements of the Dow Jones Industrial Average on Wall Street today, within a clear fluctuation after the Federal Reserve’s decision to raise interest rates by 50 basis points.

Technically, the stability of intraday trading below 34,000, which is accompanied by clear negative features on the stochastic indicator, are technical factors that support the possibility of a bearish bias. On the other hand, the index continued to receive a positive impulse from the 50-day simple moving average, which supports the possibility of resuming the rise.

We prefer to monitor the price behavior of the indicator until we get a clearer signal

The return of the rise requires confirmation of the index’s breach of the resistance level 34,130/34,120, opening the door toward 34,365

Confirmation of breaking 33,880 will put the index under negative pressure, waiting to touch 33,650.

Note: We are waiting for high impact economic data today, and we may witness obvious fluctuations at the time of the press release:

Interest rate decision from the Bank of England

Summary of monetary policy from the Bank of England

Monetary policy vote on interest rates from the Bank of England

The interest rate decision of the European Central Bank

European Central Bank monetary policy statement

ECB press conference

US retail sales

Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.

S1: 33650	R1: 34365
S2: 33310	R2: 34740
S3: 32940	R3: 35070