Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 21/10/2019 - Testing technical correction from double top bearish pattern

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Publish date: Mon, 21 Oct 2019, 12:21 PM
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21/10/2019
 
*US Mini Dow Jones Dec 19*
 
Yesterday close: 26754 -239
 
DJI fell more than 250pts on last Friday as weighted down by weaker earnings of index stocks. 
 
4H chart formed a minor double top bearish pattern, close below 26600 to trigger more downside.
 
*Classic Support & Resistance*
Support: 26630 26340
Resistance: 27100 27320
 
*Recommended trading plan today:*
1. Buy 26846, stop 26821, profit 26871/26896/26921
2. Sell 26715, stop 26740, profit 26690/26665/26640
 
*Margin Requirement (per lot):*
USD 6050
 
Disclaimer: For idea sharing only, trade at your own risk
 
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