Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 28/11/2018 - Formed higher high, may test Fibo level

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Publish date: Wed, 28 Nov 2018, 12:05 PM
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28/11/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 24742 +143
 
DJI extended its gains yesterday as investors bet on optimism of meeting between US & China. Today watch out for GDP data on 930pm, new home sales data on 11pm and Fed Chair Powell Speaks on 1am tomorrow.
 
Hourly chart showed DJI in testing rebound, may test 50-61.8 Fibo retracement level around 24876-25024. 
 
*Classic Support & Resistance*
Support: 24246 23978
Resistance: 25082 25505
 
*Recommended trading plan today:*
1. Buy 24794, stop 24754, profit 24834/24874.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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