Sunday, June 3, 2012

Dow Jones prediction june 4 2012

Dow Jones prediction june 4 2012 : Asian stocks declined for a fourth day, with Japan's Topix Index dropping to the lowest level since 1983, and oil fell after the American jobless rate increased last month, wiping out this year's gains in the Dow Jones Industrial Average. Australian bonds and the U.S. dollar rose.

The MSCI Asia Pacific Index lost 1.4 percent as of 9:40 a.m. in Tokyo, while the Topix slid 2.2 percent, heading for the lowest close since Dec. 2, 1983. Australia's S&P/ASX 200 Index retreated 1.6 percent after non-manufacturing industries in China grew at the slowest pace in a year. Standard & Poor's 500 Index futures slid 0.7 percent. Oil futures dropped for a fifth day in New York.


U.S. stock index futures slid on Sunday in electronic trading after Friday's selloff, the biggest percentage drop for the year for stocks, as worries over the deepening euro zone debt crisis threaten to extend recent market weakness. S&P 500 futures fell 9.7 points, or 0.76 percent, to 1,264.20, pointing to a dip at the open on Monday morning, and Nasdaq 100 futures lost 18.50 points, or 0.75 percent, to 2,436.50.

Today's support: - 12060.00 (main), where a delay and correction may happen. Break of the latter will give 12021.63, where correction also can be. Then follows 11997.13. Be there a strong impulse, we shall see 11968.03. Continuation will bring 11948.50.

Today's resistance: -12209.50 and 12243.11(main), where a delay and correction may happen. Break would bring 12265.50, where a correction may happen. Then follows 12301.87, where a delay and correction could also be. Be there a strong impulse, we'd see 12350.40. Continuation would bring 12378.10 and 12418.37.

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