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Wednesday 1 August 2012

Dowjones Technicals 1st August

Though Dowjones briefly broke above its channel resistance it fell back in to channel again. Now the supports for Dow placed at 12900, 12810, 12720 and 12500. Positive moving average and MACD crossovers may limit fall in short-term. Hold shorts entered at 12940 with SL 13070 but move the SL to Break Even.
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