Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 27/12/2018 - Strong surge with more than 1000pts, but watch out as index in RSI overbought now

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Publish date: Thu, 27 Dec 2018, 11:55 AM
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27/12/2018

 
US Mini Dow Jones Mar 19
 
Yesterday close : 22898 +1142
 
DJI rallied more than 1000pts yesterday, which is the best day gain in nearly a decade to test year end window dressing.
 
Daily chart showed a pull back from outside of BB and a technical rebound from RSI oversold while hourly chart showed DJI in RSI overbought zone now, be cautious of potential technical correction.
 
Classic Support & Resistance
Support: 22400 22112
Resistance: 23249 23436
 
Recommended trading plan today:
1. Buy 22832, stop 22788, profit 22876/22920/22964.
2. Look for sell signal below 22753.
 
Margin Requirement (per lot):
USD 6160
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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