Dow Updates

Author: InvestorsDoctor   |   Latest post: Fri, 24 May 2019, 12:00 PM


Daily Futures Commentaries: [Mini Dow Jones] 11/1/2019 - Continue rebound, but watch out for Fibo level

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US Mini Dow Jones Mar 19
Yesterday close : 23953 +123
DJI marked a continuous 5 days of gains as boosted by optimism on US-China talk and a more to dovish US Fed Chair speech. Watch out for CPI data on 930pm tonight.
Daily chart showed DJI continue to test rebound as candles formed higher highs & lows and technical indicators crossing up. Fibo retracement of swing 26966-21452 suggested DJI entered into 38.2-61.8 range, wait for confirmation.
Classic Support & Resistance
Support: 23640 23279
Resistance: 24241 24860
Recommended trading plan today:
1. Look for buy signal above 24000.
Margin Requirement (per lot):
USD 6490
Disclaimer: Idea sharing only, trade at your own risk.
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