Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 18/7/2019 - Entered technical correction after break down from short term sideway

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Publish date: Thu, 18 Jul 2019, 12:03 PM
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18/7/2019
 
*US Mini Dow Jones Sep 19*
 
Yesterday close: 27231 -97
 
DJI declined more than 100pts last night on weaker index stocks quarter earnings. Watch out for jobless claims data tonight on 830pm.
 
Hourly chart triggered break down from short term sideway, likely to trigger more technical correction below 27100 level, which is also 61.8 Fibo retracement level of swing 26657-27397.
 
*Classic Support & Resistance*
Support: 27070 26886
Resistance: 27300 27400
 
*Recommended trading plan today:*
1. Sell 27116, stop 27141, profit 27091/27066/27041
2. Buy 27196 for rebound, stop 27171, profit 27221/27246/27271
 
*Margin Requirement (per lot):*
USD 6050
 
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