Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 24/8/2018 - Slightly lower after new round of tariffs in US-China trade war

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Publish date: Fri, 24 Aug 2018, 10:56 AM
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24/8/2018

*US Mini Dow Jones Sep 18*
 
Yesterday close : 25671 -46
 
DJI ended slightly lower yesterday as hit by fresh round of tariffs in the trade dispute between the US & China. Watch out for durable goods orders data at 830pm & Fed Chair Powell Speaks at 10pm tonight.
 
Daily chart showed DJI in testing rebound but watch out for potential RSI bearish divergence. Hourly chart on the other hand, already show a technical correction from RSI bearish divergence.
 
*Classic Support & Resistance*
Support: 25607 25506
Resistance: 25767 25885
 
*Recommended trading plan today:*
1. Buy 25704 for technical rebound, stop 25668, profit 25740/25776.
 
*Margin Requirement (per lot):*
USD 5390
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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