Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 19/10/2018 - Erased previous gains and back to sideway

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Publish date: Fri, 19 Oct 2018, 11:49 AM
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19/10/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25381 -364
 
DJI ended with more than 300pts of loss as dragged down by worries about the US-China trade war, rising interest rates and possible overvalued US tech stocks. 
 
Hourly chart showed DJI failed to sustain its gains and back to previous sideway range, now likely to move around 38.2-61.8 Fibo retracement of swing 24893-25845, wait for breakout.
 
*Classic Support & Resistance*
Support: 25217 24893
Resistance: 25674 25845
 
*Recommended trading plan today:*
1. Look for buy signal above 25470.
2. Sell 25385, stop 25434, profit 25336/25287.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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