Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 12/2/2019 -Move in Bollinger Band, wait for more breakout

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Publish date: Tue, 12 Feb 2019, 11:59 AM
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12/2/2019

 
*US Mini Dow Jones Mar 19*
 
Yesterday close : 25017 -64
 
DJI ended slightly lower yesterday over uncertainty of US-China trade talk. Watch out for Fed Chair Speech on 145am tomorrow.
 
Hourly chart showed DJI failed to hold above 61.8 Fibo retracement level of swing 25387-24862 and move in BB channel, break above 25224 to trigger more upside. 
 
*Classic Support & Resistance*
Support: 24981 24862
Resistance: 25224 25387 
 
*Recommended trading plan today:*
1. Buy 25162, stop 25139, profit 25185/25208.
 
*Margin Requirement (per lot):*
USD 6490
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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