Emini Dow Jones - Gains Likely To Be Limited

Published 03/07/2018, 05:41 AM
Updated 07/09/2023, 06:31 AM

Emini Dow Jones Futures

Emini Dow Jones outlook negative after we collapsed back below first support at 24820/810. We have tumbled to 24410 as I write and below here targets 24340/320. Below the low this week at 24311 retests the low last week at 24204. A BREAK BELOW HERE IS AN IMPORTANT SELL SIGNAL. Look for minor support at 24140/120 then good support at 23990/960. However longs looks very risky in the bear trend. On a break below 23930 look for 23870/850, 23680/660, 23555.

Gains are likely to be limited with first resistance at 24580/590 but above here tests the opening price today at 24659, with the low yesterday at 24695. Above here meets strong resistance and a gap to fill at 24820/830.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.