Monday, July 30, 2012

Dow Jones futures for July 31 2012

Dow Jones futures for July 31 2012 : U.S. stocks closed lower Monday despite easing speculation that the Federal Reserve and European Central Bank’s policy meetings will signal fresh stimulus measures to support growth.

At the close of U.S. trade, the
Dow Jones Industrial Average rose eased 0.02%, the S&P 500 index inched 0.05% lower, while the Nasdaq Composite index gave back 0.41%.

Investors were eyeing the outcome of the Fed’s policy meeting on Wednesday, amid speculation over whether the bank will hint at further easing measures after a string of mixed U.S. data failed to reassure investors over the strength of the country’s economic recovery.

Meanwhile, expectations that the ECB is set to announce fresh policy measures to tackle the long running crisis in the euro zone mounted after bank head Mario Draghi pledged Thursday to do whatever is necessary to preserve the euro.

Today's support:
- 13053.70, 12994.23 and 12962.80 (main), where a delay and correction may happen. After that 12910.37. Break of the latter will give 12876.53, where correction also can be. Then follows 12825.14. Be there a strong impulse, we shall see 12803.40. Continuation will bring 12774.30.

Today's resistance:
- 13235.67, 13280.55 and 13321.17 (main), where a delay and correction may happen. Break would bring 13362.90, where a correction may happen. Then follows 13462.18, where a delay and correction could also be. Be there a strong impulse, we'd see 13511.23. Continuation would bring 13546.40 and 1.3584.37.

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