Dow Updates

[Dow Futures] - A Range Market

InvestorsDoctor
Publish date: Fri, 16 Mar 2018, 02:39 PM
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16/3/2018
 
US Mini Dow Jones Jun 18
 
Yesterday close : 24924 +136
 
 
DJI recovered some of previous session losses as lifted by strong job data, but market likely to stay cautious on possibility of trade war and FOMC meeting next week. 
 
Daily chart show DJI continues to move in triangle pattern, wait for a breakout, while hourly chart show DJI traded in a sideway range, with technical indicators declining, may cap upside of DJI.
 
Price level to watch out today:
Support: 24771 24688 24559
Resistance: 24959 25075 25174 
 
Recommended trading plan today:
1. Sell 24847, stop 24870, profit 24824/24801.
2. Look for buy signal if break above 24906.
 
Margin Requirement (per lot):
USD 5830
 
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