Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 23/12/2019 - Hit new high, but be cautious of RSI overbought

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Publish date: Mon, 23 Dec 2019, 03:50 PM
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23/12/2019
 
*US Mini Dow Jones Mar 20*
 
Yesterday close: 28482 +81
 
DJI ended at fresh record high on last Friday. Watch out for durable goods orders on 830pm & new home sales on 11pm tonight.
 
Hourly chart formed higher highs & lows, more to bullish, close above 28530 to trigger more upside, but be cautious as RSI in overbought.
 
*Classic Support & Resistance*
Support: 28450 38370
Resistance: 28530 28600
 
*Recommended trading plan today:*
1. Sell 28450, stop 28475, profit 28425/28400/28375
2. Look for buy signal above 28530
 
*Margin Requirement (per lot):*
USD 5500
Micro: USD 550
 
Disclaimer: For idea sharing only, trade at your own risk
 
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