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Dow Jones futures climb up ahead of jobless claims and oil turbulence
Dow Jones (YM) climbed up mildly while investors are waiting for the jobless claims report later and digesting the recent oil turbulence news.
The Dow is expecting to travel within the trading range between 22800–23500 with a bias to break below 22800 to test the support level at 22400.
The strategy is based on identifying the day trading’s support & resistance and the key levels such as the day high/low, non-RTH high/low, axis line, swing high/low, etc…as shown in the video below.
Below are the potential setup for Dow Jones futures for trading session on 23 Apr 2020.
Entry: limit order at 23495
Stop loss: 23605
Take profit: 23210
Reward to risk: 2.3
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Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
