Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 12/12/2018 - Testing technical rebound from RSI bullish divergence

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Publish date: Wed, 12 Dec 2018, 11:35 AM
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12/12/2018

 
*US Mini Dow Jones Dec 18*
 
Yesterday close : 24422 -68
 
DJI settled slightly lower yesterday after a volatile trading session, followed by a strong rebound this morning after the bail out of Huawei CFO. Watch out for CPI data on 930pm tonight.
 
Hourly chart formed a technical rebound after RSI bullish divergence. Technical indicators testing to cross up, close above 24823 to trigger more rebound signal.
 
*Classic Support & Resistance*
Support: 24231 23894
Resistance: 24823 25190
 
*Recommended trading plan today:*
1. Look for technical rebound buy signal above 24621.
 
*Margin Requirement (per lot):*
USD 6160
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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