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From : International Equity Index Daily Hotline: 12 February 2016
Chart of the day: Dow probes support...


The US Dow Jones Industrial Average has practically retraced the rebound from the oversold January low after finding resistance near 16500; close to the 50-day Moving Average.  A clearance of that barrier would be required to remove pressure from previous support in force since February 2014 at 15340.7.  In the event of a breach, next chart support is around the 14500 area. 



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