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Dow Outlook - Awaits Breakout

Daily chart

Support - 17,630, 17,484, 17,331

Resistance - 17,900, 18,000, 18,167

Down finds itself restricted largely in the range of 17,900 to 17,644 levels since past few trading sessions.

Given the index has witnessed a bullish break from flag formation, one may be inclined to expect a bullish break from the sideways trading range.

A day end closing above 17,900 would open doors for a rise to 18,000 and above.

On the lower side, daily close back inside flag formation would indicate a short-term top around 17,900 is in place and prices are heading back to May low of 17,331 levels.