Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 29/11/2018 - Strong reboudn but watch out for RSI overbought

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Publish date: Thu, 29 Nov 2018, 11:40 AM
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29/11/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25344 +602
 
DJI surged to more than 1 week high on hints of fewer rate hikes from comments by US Fed Chair despite a more to bearish economic data. Watch out for jobless claims on 930pm and pending home sales on 11pm tonight. 
 
Hourly chart showed a strong rebound with higher highs & lows, but watch out as approaching Fibo level and RSI in overbought. 
 
*Classic Support & Resistance*
Support: 24727 24404 24246
Resistance: 25370 25566
 
*Recommended trading plan today:*
1. Look for buy signal above 25370. 
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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