Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 1/11/2018 - Rebound and testing 61.8 Fibo level, wait for confirmation

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Publish date: Thu, 01 Nov 2018, 11:21 AM
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1/11/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25077 +218
 
DJI rebounded for another day as lifted up by chip & transport stocks and positive ADP nonfarm employment data. Watch out for jobless claims data on 830pm & ISM manufacturing PMI on 10pm tonight.
 
Hourly chart formed a technical rebound from RSI bullish divergence and sustain above middle line of BB, now testing 61.8 Fibo retracement level of swing 25845-24086.
 
*Classic Support & Resistance*
Support: 24823 24626
Resistance: 25596 25845
 
*Recommended trading plan today:*
1. Look for buy signal above 25303.
2. Look for sell signal below 25029.
3. Sell 25129 for technical correction, stop 25166, profit 25092/25055.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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