Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 2/8/2019 - In correction stage with possible oversold rebound

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Publish date: Fri, 02 Aug 2019, 12:05 PM
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2/8/2019
 
*US Mini Dow Jones Sep 19*
 
Yesterday close: 26543 -312
 
DJI fell sharply yesterday, erased a big surge from earlier in the day, after President Donald Trump said the US would impose an additional 10% tariff on Chinese imports. Watch out for payrolls & unemployment data on 830pm tonight.
 
4H chart showed index extended losses after break down from sideway, be cautious as RSI in oversold now, may trigger technical rebound in short term.
 
*Classic Support & Resistance*
Support: 25900 25500
Resistance: 27150 27400
 
*Recommended trading plan today:*
1. Sell 26447, stop 26472, profit 26422/26397/26372
2. Buy 26550 for rebound ,stop 26525, profit 26575/26600/26625
 
*Margin Requirement (per lot):*
USD 6050
 
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