Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 17/5/2019 - Retreat from 50% Fibo level, may test support level 1st

InvestorsDoctor
Publish date: Fri, 17 May 2019, 11:14 AM
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17/5/2019
 
*US Mini Dow Jones Jun 19*
 
Yesterday close : 25867 +210
 
DJI ended higher yesterday on strong earnings and economic data. 
 
Hourly chart showed DJI retreated from 50% Fibo retracement level of swing 26691-25215, may test support 25800 level 1st.
 
*Classic Support & Resistance*
Support: 25554 25215
Resistance: 26079 26447
 
*Recommended trading plan today:*
1. Sell 25820, stop 25850, profit 25790/25760/25730
2. Look for buy signal above 25955
 
*Margin Requirement (per lot):*
USD 6490
 
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