Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 8/5/2019 - Testing rebound from low, close below 25750 for more downside

InvestorsDoctor
Publish date: Wed, 08 May 2019, 12:17 PM
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8/5/2019
 
*US Mini Dow Jones Jun 19*
 
Yesterday close : 25973 -432
 
DJI once hit more than 1 month low and pulled back to above 25900  worries about US-China trade talk eased. 
 
4H chart showed DJI continue its correction after double top bearish pattern, close below 25750 for more downside.
 
*Classic Support & Resistance*
Support: 25751 25377
Resistance: 26158 26518
 
*Recommended trading plan today:*
1. Buy 26026, stop 25996, profit 26056/26086/26116
2. Sell 25900, stop 25930, profit 25870/25840/25810
 
*Margin Requirement (per lot):*
USD 6490
 
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