Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 22/2/2019 - Testing RSI overbought correction, but still in bullish trend

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Publish date: Fri, 22 Feb 2019, 11:22 AM
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22/2/2019

 
*US Mini Dow Jones Mar 19*
 
Yesterday close : 25833 -131
 
DJI fell more than 100pts last night as pressured by weak economic data. Watch out for Fed Monetary Policy Report on 12am tomorrow.
 
Hourly chart still in a bullish trend but testing technical correction from RSI overbought, close below 61.8 Fibo retracement level of swing 25275-26082 to trigger more downside.
 
*Classic Support & Resistance*
Support: 25753 25514
Resistance: 26082 26268
 
*Recommended trading plan today:*
1. Sell 25804, stop 25840, profit 25768/25732/25696.
2. Buy 25860, stop 25824, profit 25896/25932/25968.
 
*Margin Requirement (per lot):*
USD 6490
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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