Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 12/11/2018 - Retracement but still in rebound stage

InvestorsDoctor
Publish date: Mon, 12 Nov 2018, 11:14 AM
InvestorsDoctor
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12/11/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25973 -227
 
Soft China economic data and weakening oil price dragged down DJI to more than 200pts of losses on last Friday. 
 
Hourly chart showed a retracement from Fibo 423.6% with now testing middle line of BB.
 
*Classic Support & Resistance*
Support: 25874 25721
Resistance: 26268 26434
 
*Recommended trading plan today:*
1. Look for buy signal above 26078.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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