Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 12/3/2019 - Double bottom rebound,may test 26000 level

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Publish date: Tue, 12 Mar 2019, 11:54 AM
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12/3/2019

 
*US Mini Dow Jones Jun 19*
 
Yesterday close : 25690 +162
 
Please be noted that Mar 19 contract will be expired on 15/3, traders may choose to trade Jun 19. US stock market rallied 200pts as strong gains in tech shares like Apple and Facebook offset a steep decline in Boeing. Watch out for CPI data on 830pm tonight.
 
Hourly chart formed a double bottom rebound signal from around 25246, close above 25800 to trigger more upside to 26000 level, but be cautious as RSI in overbought.
 
*Classic Support & Resistance*
Support: 25529 25246
Resistance: 25925 26263
 
*Recommended trading plan today:*
1. Buy 25800, stop 25770, profit 25830/25860/25890.
 
*Margin Requirement (per lot):*
USD 6490
 
Disclaimer: Idea sharing only, trade at your own risk.
 
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