Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 5/11/2018 - retreat from high but sustain above 61.8 Fibo

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Publish date: Mon, 05 Nov 2018, 11:26 AM
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5/11/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25241 -84
 
DJI erased its strong gains from above 25600 to the point lower than previous session after a conflicting trade news. 
 
Hourly chart showed DJI sustain above 61.8 Fibo retracement of swing 24025-25684, break below that level may test 38.2-50 which is around 24659-24855.
 
*Classic Support & Resistance*
Support: 25035 24823
Resistance: 25323 25684
 
*Recommended trading plan today:*
1. Look for buy signal above 25196.
2. Look for sell signal below 25131.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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