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DJ30: High finishing

Fundamental analysis:

The Dow Jones index closed up 40.08 points, or 0.12%, at 33,431.05 points on March 6 (Monday); investors are waiting for Fed Chairman Powell’s upcoming testimony in Congress and the upcoming February non-farm payrolls report from the U.S. Department of Labor. Affect the prospect of the Fed raising interest rates.

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

Brief technical analysis:

Looking at the 4-hour chart: finishing at a high level and within a narrow range, the market as a whole is on the bullish side, and there are signs of continuing to move up after finishing in the short term.

Resistance level: 33552 33659

Support level: 33322 33237

Trading strategy: Bullish above 33407, target 33552 33659
Alternative strategy: bearish below 33407, target 33322 33237

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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