18 April 2017 (8:39 AM IST)
17 April 2017 (11:09 PM EDT)
U.S. markets rallied overnight and after recovering all losses from last week’s closing session, major indexes closed within their previous range. Dow Jones closed near its “magnetic” level of 20,650. The index has been sticking to this level for almost two weeks now.
Asian markets are following a similar trend and are trading mixed, within a small range. SGX Nifty is flat, U.S. stock futures are slightly low but European stock futures are marginally higher numbers, indicating a positive open in these markets after a long weekend.
Expect global markets to trade in their last two week’s range, remain mixed and highly volatile. Major indexes could bounce between their broader support and resistance levels. Watch the trend in your local index and trade accordingly.
Good luck, enjoy the session!