Dow Jones Industrial Average Futures Forecast December 5, 2012, Technical Analysis

The Dow Jones Industrial Average futures initially trying to rally during the session on Tuesday, but found the area above the 13,000 level before too resistive to stay in. Because of this, we fell back down towards the 12,900 level, and close at the very lows of the session. However, there is quite a bit of support between here and 12,800 or so, so we think we are heading into a range bound market more than anything else right now. With this being said, we are essentially flat of this futures market.