Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 11/3/2019 - Testing rebound from RSI bullish divergence

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Publish date: Mon, 11 Mar 2019, 11:46 AM
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11/3/2019

 
*US Mini Dow Jones Jun 19*
 
Yesterday close : 25528 +60
 
Please be noted that Mar 19 contract will be expired on 15/3, traders may choose to trade Jun 19. DJI ended slightly higher on last Friday as gains were capped by weak US stock market after a below expected economic data. Watch out for retail sales data on 830pm tonight.
 
Hourly chart showed DJI hit near 1 month low but testing a rebound from low of near 25200, which is also RSI bullish divergence.
 
*Classic Support & Resistance*
Support: 25246 25010
Resistance: 25579 25751 25925
 
*Recommended trading plan today:*
1. Buy 25464, stop 25434, profit 25494/25524/25554.
2. Sell 25418, stop 25448, profit 25388/25358/25328.
 
*Margin Requirement (per lot):*
USD 6490
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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