Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 22/1/2019 - Enter RSI overbought technical correction

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Publish date: Tue, 22 Jan 2019, 11:14 AM
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22/1/2019

 
*US Mini Dow Jones Mar 19*
 
Yesterday close : 24615 -122
 
DJI rallied on last Friday with more than 300pts of gains, but retreat from high yesterday on some profit taking. Watch out for existing home sales on 11pm tonight.
 
Hourly chart formed a technical correction from RSI overbought while technical indicators crossing down.
 
*Classic Support & Resistance*
Support: 24375 24241
Resistance: 24745 24860
 
*Recommended trading plan today:*
1. Sell 24518 for technical correction, stop 24541, profit 24495/24472/24449.
 
*Margin Requirement (per lot):*
USD 6490
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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