Dow Updates

16 Nov - Dow in Correction Mode

InvestorsDoctor
Publish date: Thu, 16 Nov 2017, 02:14 PM
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Following Message
16/11/2017
 
US Mini Dow Jones Dec 17
 
Yesterday close : 23262 -113
 
 
Index closed lower yesterday as dragged down by energy stocks amid of falling oil price, despite the positive CPI & retail sales data.
 
Daily chart's RSI and MACD crossing down but BB still going up as index sustain above botttom line of BB, show that overall trend is bullish with overbought correction in short term. Hourly chart show index rebound from RSI oversold, also the support level of 23200. 
 
Price level to watch out today:
Support 23200 22950
Resistance 23440 23560
 
Recommended trading plan today:
1. Look for sell signal if break lower low of 23200.
 
Margin Requirement (per lot):
USD 3685
 
Disclaimer: Idea sharing only, trade at your own risk.
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