Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 1/10/2018 - US & Canada reached a trade deal, boosted up DJI

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Publish date: Mon, 01 Oct 2018, 12:05 PM
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1/10/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 26476 +3
 
DJI was little changed on last Friday as market stay cautious ahead of US-Canada trade deal. DJI climbed more than 180pts this morning after Canada & US reach deal.
 
Daily chart showed DJI approaching historical high, waiting confirmation, while hourly chart showed DJI up from double bottom signal from around 26347, now testing RSI overbought zone.
 
*Classic Support & Resistance*
Support: 26516 26347
Resistance: 26704 26739 26820
 
*Recommended trading plan today:*
1. Buy 26665, stop 26645, profit 26685/26705.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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