Dow Jones E-mini ($5) (Globex) Daily Commodity Futures Price Chart: Sept. 2014 : CBOT

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Daily Commodity Futures Price Chart: Sept. 2014

Dow Jones E-mini ($5) (Globex) (CBOT)

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Contract Specifications:YM,CBOT
Trading Unit: ($5.00) times the Dow Jones Industrial AverageSM Index.
Tick Size: One point ($5.00 per contract)
Quoted Units: DJIA index points
Initial Margin: $3,503   Maint Margin: $2,802
Contract Months: Mar, Jun, Sep, Dec
First Notice Day: Not applicable (cash settled contract)
Last Trading Day: The trading day preceding the third Friday of the contract month.
Trading Hours: 5:00 p.m. to 4:30 p.m. Central Time, Sunday Friday.
Trading in expiring contracts ceases at 3:15 p.m. Central Time on the last trading day
Daily Limit: Successive 10%, 20%, and 30% limits.

Analysis

Mon 9/15/14

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.

Additional Analysis: Volatility appears to be picking up a bit, as evidenced by an increasing distance between the upper and lower bands over the last few bars. The market is oversold and appears to be finding some support. Confirming this, the market just signaled a bullish key reversal off a 9 bar new low. Look for a bottom in this area.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: the fast moving average slope is up from the previous bar, price goes above the fast moving average, price goes above the slow moving average.

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is above the moving average so the trend is up.

Additional Analysis: Market trend is UP.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 56.15). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat overbought (RSI is at 56.15). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence before getting too bearish here.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed above the SlowD line; this indicates a buy signal.

Additional Analysis: The long term trend is UP. The market looks strong both long term and short term. The SlowK is at (44.98). A good upward move is possible without SlowK being overbought.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bearish because the SlowK line is below the SlowD line.

Additional Analysis: The long term trend is UP. The market looks strong both long term and short term. The SlowK is at (42.22). A good upward move is possible without SlowK being overbought.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is DOWN. A bullish key reversal off a 5 bar new low here suggests an upmove, and decreasing volume supports the likelihood of an upturn in the market.

ADX Indicator:

Conventional Interpretation: ADX measures the strength of the prevailing trend. A rising ADX indicates a strong underlying trend while a falling ADX suggests a weakening trend which is subject to reversal. Currently the ADX is rising.

Additional Analysis: The long term trend, based on a 45 bar moving average, is up. Further, a rising ADX indicates that the current trend is healthy and should remain intact. Look for the current uptrend to continue.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-22.12) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-22.12) is currently short. The current short position will be reversed when the CCI crosses above zero. The market just signaled a bullish key reversal off a 9 bar new low, suggesting closing any shorts here.

DMI Indicator:

Conventional Interpretation: DMI+ is less than DMI-, indicating a downward trending market. A signal is generated when DMI+ crosses DMI-.

Additional Analysis: DMI is in bearish territory. However, a bullish key reversal off a 9 bar new low here suggests an upside move is possible.

MACD Indicator:

Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. MACD is in bearish territory. However, the market just signaled a bullish key reversal off a 9 bar new low.

Momentum Indicator:

Conventional Interpretation: Momentum (-57.00) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. Momentum is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here. A bullish key reversal off a 9 bar new low here confirms this outlook.

Open Interest Indicator: Open Interest is in a downtrend based on a 9 bar moving average. While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (-0.33) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here. A bullish key reversal off a 9 bar new low here confirms this outlook.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

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