Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 26/8/2019 - Escalating US-China tension pressured down stock market

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Publish date: Mon, 26 Aug 2019, 12:20 PM
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26/8/2019
 
*US Mini Dow Jones Sep 19*
 
Yesterday close: 25670 -555
 
US stock market sank more than 600pts last Friday after US President want US companies to leave China, while China imposed retaliatory tariff on US goods. Watch out for durable goods orders on 830pm tonight. 
 
Hourly chart in a sideway range, wait for more breakout.
 
*Classic Support & Resistance*
Support: 25030 24700
Resistance: 25850 26400
 
*Recommended trading plan today:*
1. Buy 25592 for rebound, stop 25567, profit 25617/25642/25667
2. Look for sell signal below 25266
 
*Margin Requirement (per lot):*
USD 6050
 
Disclaimer: For idea sharing only, trade at your own risk
 
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