Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 31/1/2019 - Bullish but watch out for Fibo level & RSI bearish divergence

InvestorsDoctor
Publish date: Thu, 31 Jan 2019, 11:06 AM
To get more information on local and foreign futures markets, join us on telegram & Facebook.

Join link: https://t.me/investorsdoctoracademy

Facebook: https://m.facebook.com/investorsdoctoracademy/



31/1/2019

 
*US Mini Dow Jones Mar 19*
 
Yesterday close : 24968 +415
 
DJI surged to near 2 months high yesterday after Federal Reserve said it would take a slow pace on interest rate hike. Watch out for jobless claims on 930pm & new home sales on 11pm tonight.
 
4H chart formed a double bottom bullish signal and sustain above 61.8 Fibo retracement level of swing 26966-21452, focus on buy setup and trade with cautious as there is potential RSI bearish divergence.
 
*Classic Support & Resistance*
Support: 24216 23640
Resistance: 25190 25788
 
*Recommended trading plan today:*
1. Buy 24998, stop 24968, profit 25028/25058.
2. Look for further buy signal above 25068.
 
*Margin Requirement (per lot):*
USD 6490
 
Disclaimer: Idea sharing only, trade at your own risk.
 
Please SHARE & SUBSCRIBE our YOUTUBE channel for latest FREE futures trading videos !!!
 
https://www.youtube.com/channel/UCnOB_UmIXe3OTE2SgiK9kpg
 
Join our FREE channels to find out more on futures trading !!!
 
Telegram link:
https://t.me/investorsdoctoracademy
 
Facebook link:
https://m.facebook.com/investorsdoctoracademy
 
Or reach out to our contact number +601153537589

More articles on Dow Updates
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment