Dow Updates

[Dow] - Range Bound towards end of 2017

InvestorsDoctor
Publish date: Fri, 29 Dec 2017, 02:30 PM
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Following Message
29/12/2017
 
US Mini Dow Jones Mar 18
 
Yesterday close : 24797 +9
 
 
DJI ended with almost no changes again yesterday, traded in tight range ahead of New Year long weekend. However, US jobless claims data yesterday below expectation, may cap upside of DJI bull rally.
 
Daily chart remains its bullish trend but in RSI overbought zone and MACD triggered a crossing down signal, watch out for short term correction. From hourly chart, DJI remains in sideway, wait for breakout.
 
Price level to watch out today:
Support 24762 247066
Resistance 24860 24896
 
Recommended trading plan today:
1. Trade in range 24706-24896.
 
Margin Requirement (per lot):
USD 3685
 
Disclaimer: Idea sharing only, trade at your own risk.To get more information on local and foreign futures markets, join us on telegram & Facebook.

 

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