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DJ30: Bulls climb higher

2022-12-14
1041
Fundamental analysis:
On December 13 (Tuesday), the Dow Jones index closed up 105.65 points, or 0.31%, to 34110.69 points; the overall CPI annual rate in the United States in November recorded 7.10%, a new low since December last year, and the expected value and the previous value were 7.30% respectively and 7.70%; the core CPI annual rate in November recorded 6%, the expected value and the previous value were 6.10% and 6.30% respectively.

Dow Jones DJ30 - 4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum has risen strongly and then retreated. The market is in a volatile trend, and the short-term bullish sentiment remains. The MACD indicator is in the bullish zone and moves up, and the RSI indicator is in the bullish zone to maintain consolidation;
Long and short turning point: 34317
Press: 34516, 34651
Support: 34185, 34050
Trading strategy: Bullish above 34317, target 34516, 34651
Alternative strategy: bearish below 34317, target 34185, 34050

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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