11/4/2018

 

US Mini Dow Jones Jun 18

 

Yesterday close : 24012 +86

 

US stock market recovered more than 400pts yesterday after China President opened China economy by lowering import tariffs, easing concerns about rising trade war tension. Better than expected PPI data last night also supported the gains.

 

Daily chart show DJI retest middle line of BB, wait to be confirmed, overall remain in correction stage. In hourly chart, DJI testing rebound and close above 24596 will trigger further buying signal.

 

Classic Support & Resistance

Support: 24155 23911 

Resistance: 24482 24596

 

Recommended trading plan today:

1. Look for sell signal if break below 24247.

2. Look for rebound buy signal if break above 24324.

 

Margin Requirement (per lot):

USD 5830

 

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