Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 5/8/2019 - Continue correction but be cautious as RSI in oversold

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Publish date: Mon, 05 Aug 2019, 12:18 PM
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5/8/2019
 
*US Mini Dow Jones Sep 19*
 
Yesterday close: 26449 -94
 
DJI fell on trade war fears on last Friday, with nearly 300pts losses this morning.
 
4H chart break below 61.8 Fibo retracement level of swing 24610-27397, watch out for 38.2-50 level around 25675-26000 and be cautious as RSI in oversold.
 
*Classic Support & Resistance*
Support: 25890 25340
Resistance: 26660 27150
 
*Recommended trading plan today:*
1. Sell 26130, stop 26155, profit 26105/26080/26055
 
*Margin Requirement (per lot):*
USD 6050
 
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