Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 24/5/2019 - More to bearish, likely to test 25200 support level

InvestorsDoctor
Publish date: Fri, 24 May 2019, 12:00 PM
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24/5/2019
 
*US Mini Dow Jones Jun 19*
 
Yesterday close : 25463 -271
 
DJI plunged more than 250pts last night on trade war tensions and dragged down by sharp fall in WTI crude oil prices.
 
Hourly chart showed DJI retreated from 50% Fibo retracement level of swing 26691-25215, may test previous low 25200 level.
 
*Classic Support & Resistance*
Support: 25215 25000
Resistance: 26079 26447
 
*Recommended trading plan today:*
1. Look for rebound buy signal above 25600
2. Look for sell signal below 25460
 
*Margin Requirement (per lot):*
USD 6490
 
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