Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 11/6/2018 - End with strong weekly gains to near 3 months high

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Publish date: Mon, 11 Jun 2018, 12:26 PM
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11/6/2018

US Mini Dow Jones Sep 18

Yesterday close : 25321 +45

DJI ended its week with a strong gains, hit its highest in nearly 3 months but be cautious on updates from G7 meeting and FOMC meeting on 14 June.

Daily chart show DJI testing 50% retracement level from the big down swing (23178-26672) in Jan this year, with higher highs & lows, DJI likely to test resistance 1st. Watch out for potential bearish RSI divergence in hourly chart, may trigger technical correction in short term.

Classic Support & Resistance
Support: 25093 24876
Resistance: 25555 25868

Recommended trading plan today:
1. Buy 25345, stop 25325, profit 25365/25385.

Margin Requirement (per lot):
USD 5390

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