Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 17/10/2019 - Profit taking on weak economic data

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Publish date: Thu, 17 Oct 2019, 11:39 AM
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17/10/2019
 
*US Mini Dow Jones Dec 19*
 
Yesterday close: 26940 -62
 
DJI down slightly yesterday as pressured by weak retail sales data. Watch out for jobless claims data on 830pm tonight.
 
Hourly chart formed a corrective wave in a rebound stage, close above 27100 level to trigger more upside.
 
*Classic Support & Resistance*
Support: 26800 26600
Resistance: 27100 27300
 
*Recommended trading plan today:*
1. Sell 26875, stop 26900, profit 26850/26825/26800
2. Look for buy signal above 27080
 
*Margin Requirement (per lot):*
USD 6050
 
Disclaimer: For idea sharing only, trade at your own risk
 
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