Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 14/11/2018 - Retracement but still in rebound stage

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Publish date: Wed, 14 Nov 2018, 12:04 PM
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14/11/2018

*US Mini Dow Jones Dec 18*

Yesterday close : 25330 -51

DJI tumbled on yesterday, extended its previous losses as sell off especially in tech stocks continue. Watch out for CPI data on 930pm tonight.

Hourly chart showed a technical correction in 38.2-61.8 Fibo retracement level and there is a potential bullish divergence.

*Classic Support & Resistance*
Support: 25181 25035
Resistance: 25566 25786

*Recommended trading plan today:*
1. Look for sell signal below 25303.
2. Buy 25381 for technical rebound, stop 25361, profit 25401/25421.

*Margin Requirement (per lot):*
USD 5830

Disclaimer: Idea sharing only, trade at your own risk.

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