Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 11/10/2018 - Raising US treasury yield sent DJI to 2 month low

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Publish date: Thu, 11 Oct 2018, 12:09 PM
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11/10/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25519 -962
 
DJI tumbled yesterday, marked its biggest daily declines since Feb this year as rising US treasury yields triggered panic selling.
 
Hourly chart showed DJI hit 2 month low, more to bearish, but watch out for potential technical rebound as DJI nw in Fibo level and RSI in oversold
 
*Classic Support & Resistance*
Support: 24912 24611
Resistance: 25533 26146
 
*Recommended trading plan today:*
1. Buy 25350 for technical rebound, stop 25297, profit 25403/25456.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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