#US30 Index CFD closed lower on Thursday and below the 20-day - TopicsExpress

#US30 Index CFD closed lower on Thursday and below the 20-day moving average crossing confirming that a short-term top has been posted. Thursdays decline was triggered by weaker-than-forecast data from China and tension in Ukraine, which overshadowed reports showing an improving American economy. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If the Dow extends todays decline, the reaction low crossing is the next downside target. Closes above todays high crossing would temper the near-term bearish outlook.

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