OSB Daily Technical Analysis for October 30, 2014

S&P 500 Volatile trading session for the S&P 500 on Wednesday which hit resistance at 1985 and turned back to close at 1970. Price action suggests some consolidation of recent gains likely before gathering momentum for next up leg. A close above 1980 extends to 2000. Support at 1950-60.

Dow 30 The Dow experienced some wild swings on Wednesday as it tried to get above the key 17000 point which it fell shy of by 10 points. The Dow is in a bullish upswing and is likely to retest the resistance at the 17000 again. A close above is positive for the index and opens up the way for new highs.

DAX 30 The DAX gyrated throughout the day closing slightly lower from the previous session. Upside momentum remains intact and it is likely that the index heads higher from here. Resistance above in the 9150-80 area.

FTSE100 climbing higher as it attempts to breakout above the 6450 region. A close above extends to resistance at 6500. Upside momentum on the rise.

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