Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 16/11/2018 - RSI bullish divergence rebound, may test 61.8 Fibo

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Publish date: Fri, 16 Nov 2018, 11:36 AM
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16/11/2018

 
US Mini Dow Jones Dec 18
 
Yesterday close : 25305 +261
 
DJI ended higher yesterday on optimism of trade deal between US & China after a news reported that US would pause further tariffs on China imports. More to bullish US economic data also support the index.
 
Hourly chart showed a potential technical rebound from RSI bullish divergence, may test 61.8 Fibo retracement level.
 
Classic Support & Resistance
Support: 25137 24927 24782
Resistance: 25489 25623
 
Recommended trading plan today:
1. Look for buy signal above 25349.
2. Look for sell signal below 25218.
 
Margin Requirement (per lot):
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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