DOW JONES INDUSTRIAL

After strong performance from equity markets and commodities and a positive start for 2012, indices are challenging their minor/major resistance levels. One of those indices is the Dow Jones Industrial Average now testing 12,750 levels, a resistance now being challenged for the third time. Since October 2011, Dow Jones Industrial moved from 10,500 levels to 12,750 levels. It has breached its 200 day moving average which is now standing at 11,925 level. We might see some weakness at this strong resistance area and the index might experience a pullback towards its 200 day moving average. Resilience around 12,750 will signal strength and a possibility to break above the strong resistance. Dow Jones Industrial is on my watch list with these two levels; resistance 12,750 and support 11,925.