Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 4/12/2019 - Another sell off as US President may delay trade deal with China

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Publish date: Wed, 04 Dec 2019, 11:49 AM
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4/12/2019
 
*US Mini Dow Jones Dec 19*
 
Yesterday close: 27487 -302
 
DJI tumbled more than 300pts yesterday after US President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. 
 
Hourly chart in technical correction, close below 27300 level to trigger more downside.
 
*Classic Support & Resistance*
Support: 27300 27100
Resistance: 27710 27870
 
*Recommended trading plan today:*
1. Buy 27530, stop 27505, profit 27555/27580/27605
2. Sell 27455, stop 27480, profit 27430/27405/27380
 
*Margin Requirement (per lot):*
USD 5500
Micro: USD 550
 
Disclaimer: For idea sharing only, trade at your own risk
 
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