Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 15/11/2018 - Straight 4 days of losses, watch out Fibo retracement level

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Publish date: Thu, 15 Nov 2018, 11:07 AM
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15/11/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25044 -286
 
DJI fell for 4 straight days as weighed down by financial, tech and oil & gas stocks. Today watch out for jobless claims & retail sales on 930pm tonight, and Fed Chair Powell speech on 1230am tomorrow.
 
Hourly chart showed DJI sustain above 38.2 Fibo retracement level for now, close below 24920 to trigger more downside, but be cautious as there is RSI bullish divergence.
 
*Classic Support & Resistance*
Support: 24823 24443
Resistance: 25254 25566
 
*Recommended trading plan today:*
1. Look for sell signal below 24922.
2. Look for buy signal above 25130.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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