Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 17/8/2018 - Strong rebound to over previous losses, now testing previous high

InvestorsDoctor
Publish date: Fri, 17 Aug 2018, 11:45 AM
InvestorsDoctor
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17/8/2018

 
*US Mini Dow Jones Sep 18*
 
Yesterday close : 25592 +405
 
DJI rebounded strongly yesterday with biggest percentage gain in over 4 months as boosted by bullish earnings and waning trade war tension since US & China will talk again in late Aug.
 
Hourly chart showed DJI in rebound but RSI in overbought, be cautious of potential technical correction in short term.
 
*Classic Support & Resistance*
Support: 25243 24912
Resistance: 25813 26310
 
*Recommended trading plan today:*
1. Look for buy signal above 25657.
 
*Margin Requirement (per lot):*
USD 5390
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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