Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 18/10/2018 - Mixed signals, but technical wise slightly more to bearish

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Publish date: Thu, 18 Oct 2018, 11:07 AM
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18/10/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25736 -46
 
DJI ended slightly lower yesterday after FOMC meeting minutes suggested more interest hikes in future. 
 
Hourly chart showed DJI retraced from 423.6 Fibo expansion level which is also 38.2 of Fibo retracement of down swing 26966-24893.
 
*Classic Support & Resistance*
Support: 25461 25161
Resistance: 25845 26146
 
*Recommended trading plan today:*
1. Sell 25607, stop 25643, profit 25571/25535. 
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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