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DJ30: Bulls up

Fundamental analysis:

On March 16 (Thursday), the Dow Jones index closed up 373.04 points, or 1.17%, to 32247.61 points; the market expects the Fed to adopt an easing policy next week, and the dollar may continue to fall. Markets still appear to be digesting the developments of the past few days and considering the implications for monetary policy.

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

Brief technical analysis:

Looking at the 4-hour chart: the momentum of the low-level bulls maintains a narrow range and moves up, the market is monopolized by bullish sentiment, and the short-term bulls are in good shape. The MACD indicator is in the short-term area and moves up to hover around the 0 axis. The RSI indicator is in a weak order above the 50 balance line;

Resistance: 32627 32771

Support level: 32305 32185

Trading strategy: Bullish above 32428, target 32627 32771
Alternative strategy: bearish below 32428, target 32305 32185

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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