Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 12/7/2018 - Trade war tensions dragged down market again

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Publish date: Thu, 12 Jul 2018, 11:58 AM
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12/7/2018

 
*US Mini Dow Jones Sep 18*
 
Yesterday close : 24689 -238
 
DJI fell on yesterday after US plan to impose tariffs on an additional $200 billion of Chinese goods. Today watch out for jobless claims & CPI at 830pm.
 
Daily chart show DJI in sideway within a large range of 23978-24564, wait for breakout. Hourly chart show DJI enters a sideway after break down from middle line of BB, wait for more breakout signal.
 
*Classic Support & Resistance*
Support: 24611 24401
Resistance: 24935 25148
 
*Recommended trading plan today:*
1. Buy 24805, stop 24774, profit 24836/24867.
2. Look for sell signal below 24760.
 
*Margin Requirement (per lot):*
USD 5390
 
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