Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 11/1/2019 - Continue rebound, but watch out for Fibo level

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Publish date: Fri, 11 Jan 2019, 11:03 AM
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11/1/2019

 
US Mini Dow Jones Mar 19
 
Yesterday close : 23953 +123
 
DJI marked a continuous 5 days of gains as boosted by optimism on US-China talk and a more to dovish US Fed Chair speech. Watch out for CPI data on 930pm tonight.
 
Daily chart showed DJI continue to test rebound as candles formed higher highs & lows and technical indicators crossing up. Fibo retracement of swing 26966-21452 suggested DJI entered into 38.2-61.8 range, wait for confirmation.
 
Classic Support & Resistance
Support: 23640 23279
Resistance: 24241 24860
 
Recommended trading plan today:
1. Look for buy signal above 24000.
 
Margin Requirement (per lot):
USD 6490
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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