Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 26/10/2018 - Technical rebound yesterday but technically slightly bearish, may retest key support

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Publish date: Fri, 26 Oct 2018, 11:45 AM
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26/10/2018

*US Mini Dow Jones Dec 18*
 
Yesterday close : 24877 +261
 
DJI covered part of previous losses yesterday on technical rebound, but bearish economic data limited its upside. Today DJI fell again more than 200pts. Watch out for GDP data tonight on 830pm.
 
Daily chart showed a more to bearish trend as technical indicators crossing down and below 38.2 Fibo retracement of swing 23978-26966. However, watch out for hourly chart's potential RSI bullish divergence.
 
*Classic Support & Resistance*
Support: 24511 23978
Resistance: 25079 25338
 
*Recommended trading plan today:*
1. Sell 24641, stop 24691, profit 24591/24541.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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