Dow Updates

[Mini Dow Futures] - New high with Bullish Data

InvestorsDoctor
Publish date: Fri, 05 Jan 2018, 02:36 PM
InvestorsDoctor
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Following Message
5/1/2018
 
US Mini Dow Jones Mar 18
 
Yesterday close : 25053 +175
 
 
DJI closed above 25000 for the 1st time on yesterday, marked another record high after bullish ADP nonfarm & continuing jobless claims data offset slightly lower than expected initial jobless claims. Today watch out for series of payroll data, trade balance & unemployment rate at 930pm; Durable goods & factory orders, ISM non-manufacturing data at 11pm.
 
Hourly chart show more higher highs & lows, together with technical indicators pointed to more upside, but be cautious as DJI in RSI overbought now, may trigger some profit taking before testing another new high.
 
Price level to watch out today:
Support 25016 24925 
Resistance 25140
 
Recommended trading plan today:
1. Buy 25097, stop 25063, profit 25131 or above.
2. Sell 25063, stop 25097, profit 25029 or below.
 
Margin Requirement (per lot):
USD 3685
 
Disclaimer: Idea sharing only, trade at your own risk.
 
Disclaimer: Idea for sharing purpose, trade at your own risk.
 
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