Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 20/12/2018 - Watch our if DJI can hold above Feb 18 low around 23088

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Publish date: Thu, 20 Dec 2018, 12:18 PM
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20/12/2018

 
US Mini Dow Jones Mar 19
 
Yesterday close : 23313 -296
 
DJI declined sharply from rebound yesterday after interest rate hike and less dovish outlook for 2019. Watch out for jobless claims on 930pm tonight.
 
Daily chart showed DJI retest 2018 year low at around 23088, close below 23088 to trigger more downside. Hourly chart formed lower highs & lows, more to bearish, but be cautious of potential RSI bullish divergence.
 
Classic Support & Resistance
Support: 23170 23088
Resistance: 23436 23658
 
Recommended trading plan today:
1. Sell 23245, stop 23289, profit 23201/23157/23113.
2. Look for techncial rebound buy signal above 23308.
 
Margin Requirement (per lot):
USD 6160
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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