Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 7/1/2019 - Formed technical rebound but watch out for short term profit taking

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Publish date: Mon, 07 Jan 2019, 10:46 AM
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7/1/2019

 
*US Mini Dow Jones Mar 19*
 
Yesterday close : 23395 +736
 
DJI jumped more than 700pts on last Friday as boosted by strong US economic data and Fed Chairman speech that the central bank will be patient on interest rate hike. DJI continue to test higher now on optimism of US-China trade talk.
 
Hourly chart showed DJI break higher to test previous high but be cautious as RSI in overbought, may trigger technical correction in short term.
 
*Classic Support & Resistance*
Support: 22563 22242
Resistance: 24080 24256
 
*Recommended trading plan today:*
1. Look for buy signal above 23624.
 
*Margin Requirement (per lot):*
USD 6490
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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