TenkoFX - Analytics

    TenkoFX

    425.75 7.25/10
    68% of positive reviews
    Real

    US stocks finish higher ahead of referendum results Ani Salama

    US stocks ended broadly higher on Thursday amid hopes UK will vote to Remain in the European Union at a crucial referendum.After spending most of the day in the green, Wall Street soared in the last trading hour, resulting in the DJIA settling above the 18,000 level for the first time in over two weeks.The DJIA closed the day up 230 points or 1.29%, at 18,011.07, while the Nasdaq added 1.59%, to end at 4,910.04. The S&P added 1.34% and closed at 2,113.32.DJIA technical perspective“Holding near its high, the daily chart for the DJIA shows that the index has advanced beyond a still horizontal 20 SMA, whilst the Momentum indicator remains flat around its 100 level, but the RSI indicator heads north around 61, supporting some further gains ahead,” said Valeria Bednarik, chief analyst at FXStreet. “In the 4 hours chart, technical indicators head sharply higher within bullish territory, whilst the 20 SMA has extended above the 100 and 200 SMAs and maintains a strong upward slope far below the current level, all of which maintains the risk towards the upside.”Support levels: 17,972 17,918 17,841. Resistance levels: 18,051 18,103 18,165.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree