Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 10/12/2018 - Bearish sentiment, close below 24000 to trigger more downside.

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Publish date: Mon, 10 Dec 2018, 10:52 AM
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10/12/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 24432 -475
 
DJI tumbled nearly 500pts on last Friday as dragged down by bearish US economic data and arrest of Huawei CFO may seen as a potential threat to US-China trade deal. The sell off continue today with more than 200pts losses now.
 
Hourly chart showed DJI hit lowest since end of Oct 18, close below 24000 to trigger more downside. Technical indicators more to bearish, but watch out for potential RSI bullish divergence.
 
*Classic Support & Resistance*
Support: 24086 23721
Resistance: 24449 24706
 
*Recommended trading plan today:*
1. Look for sell signal below 24159.
2. Look for buy signal above 24290.
 
*Margin Requirement (per lot):*
USD 5830
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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