Dow Updates

Author: InvestorsDoctor   |   Latest post: Wed, 16 Jan 2019, 11:40 AM


Daily Futures Commentaries: [Mini Dow Jones] 10/1/2019 - Continue rebound, but watch out for Fibo level

Author:   |    Publish date:


*US Mini Dow Jones Mar 19*
Yesterday close : 23830 +106
DJI rallied for 4th day of gains after signs of progress in US-China trade talk. Watch out for jobless claims on 930pm and Fed Chair speech on 1am tomorrow.
Hourly chart formed higher highs & lows to test 6.854 Fibo level, be cautious of potential retracement as technical indicators crossing down.
*Classic Support & Resistance*
Support: 23558 23279
Resistance: 24080 24241
*Recommended trading plan today:*
1. Buy 23750, stop 23720, profit 23780/23810/23840.
2. Look for technical correction below 23683.
*Margin Requirement (per lot):*
USD 6490
Disclaimer: Idea sharing only, trade at your own risk.
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