Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 7/8/2019 - Testing rebound from low, above 26000 level for more upside

InvestorsDoctor
Publish date: Wed, 07 Aug 2019, 12:26 PM
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7/8/2019
 
*US Mini Dow Jones Sep 19*
 
Yesterday close: 25924 +374
 
DJI pulled back from low last night, recovered part of its heavy losses in previous trading sessions after China’s central bank indicated it plans to keep its currency at a level stronger than some investors had first feared, easing tensions about the nation using the yuan as a weapon in the trade war.
 
Hourly chart showed DJI in testing rebound, above 26000 to trigger more upside.
 
*Classic Support & Resistance*
Support: 25660 25350
Resistance: 26000 26220
 
*Recommended trading plan today:*
1. Look for rebound buy signal above 26000
 
*Margin Requirement (per lot):*
USD 6050
 
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