Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 16/10/2018 - Hourly chart forming flag pattern, wait for breakout

InvestorsDoctor
Publish date: Tue, 16 Oct 2018, 12:18 PM
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16/10/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25201 -115
 
DJI ended lower in a choppy session yesterday as dragged down by index stocks. 
 
Hourly chart showed DJI entering a sideway, moving in between 38.2-61.8 Fibo retracement of swing 25680-24893, wait for breakout.
 
*Classic Support & Resistance*
Support: 24893 24611
Resistance: 25680 26146
 
*Recommended trading plan today:*
1. Look for sell signal below 25214.
2. Look for buy signal above 25307.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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