Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 5/12/2018 - Testing technical correction, close below 24949 to trigger more downside

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Publish date: Wed, 05 Dec 2018, 11:17 AM
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5/12/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 25046 -800
 
DJI tumbled more than 3% yesterday, gave up its previous gains as US bond market sent unsettling signs about economic growth. US stock market will close for public holiday, expect less volatility.
 
Hourly chart showed DJI entered technical correction but with potential technical rebound as RSI in oversold and index near Fibo level.
 
*Classic Support & Resistance*
Support: 24727 24246
Resistance: 25788 26086
 
*Recommended trading plan today:*
1. Look for technical rebound buy signal above 25154.
2. Look for sell signal below 25000.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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