Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 3/10/2019 - Weak US economic data dragged down stock market

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Publish date: Thu, 03 Oct 2019, 11:34 AM
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3/10/2019

 
*US Mini Dow Jones Dec 19*
 
Yesterday close: 25985 -536
 
DJI plunged more than 500pts last night to more than 1 month low as pressured by below expected US economic data, which raised fears of an economic recession. Watch out for jobless claims data on 830pm tonight.
 
4H showed sharp decline, more to bearish but be cautious as RSI in oversold.
 
*Classic Support & Resistance*
Support: 25620 25220
Resistance: 26620 27040
 
*Recommended trading plan today:*
1. Buy 26120, stop 26095, profit 26145/26170/26195
2. Sell 25930, stop 25955, profit 25905/25880/25855
 
*Margin Requirement (per lot):*
USD 6050
 
Disclaimer: For idea sharing only, trade at your own risk
 
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