Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 20/8/2018 - Rise on upbeat trade news and strong quarter earnings

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Publish date: Mon, 20 Aug 2018, 12:41 PM
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20/8/2018

 
*US Mini Dow Jones Sep 18*
 
Yesterday close : 25702 +109
 
DJI up for more than 100pts on last Friday after US agreed to talk again with China on tariffs.
 
Weekly & daily charts showed DJI more to bullish as closed above previous high, likely to retest Feb 18 high followed by strong resistance in Jan 18. In hourly chart, watch out for potential technical correction in short term as there is a RSI bearish divergence.
 
*Classic Support & Resistance*
Support: 25590 25506
Resistance: 25731 25813
 
*Recommended trading plan today:*
1. Look for buy signal above 25731.
2. Look for sell signal below 25661.
 
*Margin Requirement (per lot):*
USD 5390
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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