Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 30/10/2018 - Testing technical rebound after sharp fall

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Publish date: Tue, 30 Oct 2018, 12:33 PM
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30/10/2018

US Mini Dow Jones Dec 18
 
Yesterday close : 24431 -315
 
DJI ended lower yesterday after US planning to impose additional tariffs on Chinese goods if upcoming talks with China fail to reach a deal. 
 
Daily & hourly charts still more to bearish, but watch out for potential RSI bullish divergence may support index in short term. Now the index rebound from hammer signal, may test resistance 1st. 
 
Classic Support & Resistance
Support: 24415 24241
Resistance: 25079 25338
 
Recommended trading plan today:
1. Buy 24560 for technical rebound, stop 24520, profit 24600/24640.
 
Margin Requirement (per lot):
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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