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Dow Updates

Author: InvestorsDoctor   |   Latest post: Fri, 20 Sep 2019, 12:25 PM

 

Daily Futures Commentaries: [Mini Dow Jones] 17/1/2019 - Continue rebound and now testing Fibo level

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17/1/2019

*US Mini Dow Jones Mar 19*

Yesterday close : 24151 +167

DJI rose yesterday to above 24000 after British Prime Minister Theresa May won a confidence vote in parliament. Watch out for jobless claims data on 930pm tonight.

4 hours chart fromed higher highs & lows, more to bullish and now testing 50% Fibo retracement level of swing 26966-21452.

*Classic Support & Resistance*
Support: 23993 23825
Resistance: 24259 24459

*Recommended trading plan today:*
1. Look for buy signal above 24259.
2. Look for technical correction sell signal below 24063.

*Margin Requirement (per lot):*
USD 6490

Disclaimer: Idea sharing only, trade at your own risk.

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WongZhenKang will keep a close watch on this
17/01/2019 11:19 AM


 

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