Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 17/10/2018 - Breakout from sideway, may continue to test rebound

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Publish date: Wed, 17 Oct 2018, 11:32 AM
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17/10/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25782 +581
 
DJI strongly rebounded yesterday as supported by strong earnings results. 
 
Hourly chart showed DJI breakout from flag pattern, more to bullish, likely to continue test rebound, but trade with cautious as RSI in overbought, may trigger technical correction.
 
*Classic Support & Resistance*
Support: 25161 24893
Resistance: 26146 26562
 
*Recommended trading plan today:*
1. Look for technical correction sell signal below 25722
2. Look for buy signal above 25805.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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