Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 31/10/2019 - Sideway to higher, but be cautious of bearish divergence

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Publish date: Thu, 31 Oct 2019, 12:43 PM
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31/10/2019
 
*US Mini Dow Jones Dec 19*
 
Yesterday close: 27132 +90
 
DJI settled higher after US Federal Reserve cut interest rate again and indicated that a pause is ahead.
 
Hourly chart in sideway to higher trend, wait for more breakout but be cautious of potential RSI bearish divergence.
 
*Classic Support & Resistance*
Support: 26880 26580
Resistance: 27400 27800
 
*Recommended trading plan today:*
1. Sell 27125, stop 27150, profit 27100/27075/27050
2. Buy 27180, stop 27155, profit 27205/27230/27255
 
*Margin Requirement (per lot):*
USD 6050
Micro: USD 605
 
Disclaimer: For idea sharing only, trade at your own risk
 
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