Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 27/9/2018 - Lower as Powell said "some asset prices high"

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Publish date: Thu, 27 Sep 2018, 11:51 AM
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27/9/2018

*US Mini Dow Jones Dec 18*
 
Yesterday close : 26419 -101
 
DJI down for more than 100pts yesterday after an interest rates hike and US Fed Chairman said some financial asset prices are high. Today watch out for jobless claims , durable goods orders & GDP data on 830pm; Pending home sales data on 10pm.
 
Daily chart's bullish momentum intact but see some technical correction from RSI overbought, while hourly chart formed lower highs & lows and now testing rebound from RSI oversold, which is near 50% Fibo retracement level of swing 25991-26820.
 
*Classic Support & Resistance*
Support: 26265 26097
Resistance: 26627 26704 26739
 
*Recommended trading plan today:*
1. Buy 26455 for technical rebound, stop 26430, profit 26480/26505.
2. Look for sell signal below 26370.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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