Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 4/12/2018 - More to bullish trend with possible technical correction in short term

InvestorsDoctor
Publish date: Tue, 04 Dec 2018, 10:47 AM
InvestorsDoctor
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4/12/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25846 +307
 
DJI jumped more than 300pts yesterday on US-China trade deal but market erased part of its gains from above 26000 level.
 
Hourly chart showed DJI entered technical correction to test the downside gap, close below 38.2 Fibo retracement level at around 25553 likely to retest 25200 level.
 
*Classic Support & Resistance*
Support: 25206 24727
Resistance: 26088 26268
 
*Recommended trading plan today:*
1. Sell 25750 for technical correction, stop 25774, profit 25426/25702.
2. Look for buy signal above 25874.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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