Dow Updates

Daily Futures Commentaries: [Mini Dow Jones] 16/10/2019 - Strong quarter earnings pushed index higher

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Publish date: Wed, 16 Oct 2019, 11:42 AM
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16/10/2019
 
*US Mini Dow Jones Dec 19*
 
Yesterday close: 27002 +256
 
DJI surged more than 250pts yesterday, back to above 27000 level as supported by upbeat quarter earnings from index stocks.
 
Hourly chart formed higher highs & lows, more to bullish, but be cautious of potential RSI bearish divergence.
 
*Classic Support & Resistance*
Support: 26800 26600
Resistance: 27100 27300
 
*Recommended trading plan today:*
1. Sell 26916, stop 26941, profit 26891/26866/26841
2. Buy 26970, stop 26945, profit 26995/27020/27045
 
*Margin Requirement (per lot):*
USD 6050
 
Disclaimer: For idea sharing only, trade at your own risk
 
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