Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 4/7/2019 - Hit all time high, close above 27000 to confirm

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Publish date: Thu, 04 Jul 2019, 11:38 AM
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4/7/2019
 
*US Mini Dow Jones Sep 19*
 
Yesterday close: 26970 +173
 
Dow Jones hit historical high to above 27000 level yesterday as expectation grew that the US Federal Reserve will cut rate this year. 
 
Hourly chart test for a technical correction from RSI overbought with a shooting star candlestick pattern, required to close above 27000 for more upside.
 
*Classic Support & Resistance*
Support: 26824 26750
Resistance: 27009 27100
 
*Recommended trading plan today:*
1. Sell 26945 for technical correction, stop 26970, profit 26920/26895/26870
2. Look for buy signal above 27009
 
*Margin Requirement (per lot):*
USD 6050
 
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