Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 21/12/2018 - Break 2018 year low, more to bearish

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Publish date: Fri, 21 Dec 2018, 11:17 AM
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21/12/2018

 
*US Mini Dow Jones Mar 19*
 
Yesterday close : 22997 -316
 
DJI tumbled more than 300pts yesterday, hit new 2018 year low and also the lowest since Oct 17 as Federal Reserve plan to continue its balance sheet reduction and the threat of government shutdown. Watch out for durable goods orders data and GDP data on 930pm tonight. 
 
Daily chart showed DJI break 1 year low with double top signal, more to bearish, but be cautious as RSI in oversold now, may trigger some technical rebound in short term.
 
*Classic Support & Resistance*
Support: 22639 22174
Resistance: 23436 24114
 
*Recommended trading plan today:*
1. Look for technical rebound buy signal above 23074
2. Look for sell signal below 22935
 
*Margin Requirement (per lot):*
USD 6160
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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