27/10/2017

Dow Dec 17

Yesterday Close: 23350

Dow advanced on Thursday after a round of positive corporate earnings announcements by DuPont and Twitter, but gains were curbed and the by the healthcare sector. Dow Index is expect to trade with the announcement of Q3 earnings result for the coming weeks.

Based on the hourly chart, Dow continue its upward channel trend since 11 Sep. No sign of correction ahead. The Fibonacci projection is targeting 23538 (2.618%) for the short term.

Price Level to monitor today:

Support: 23318 & 23203

Resistance 23436

Recommended Trading Plan Today:

1.            Buy if price make higher high 23437, stop at the recent low, profit target based on 1 risk reward ratio or below channel resistance

2.            Not recommend to sell

WTI Oil Margin Requirement (per lot)

WTI Crude    : USD 2475

Mini Crude    : USD 1237.50

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