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DJ30: High level vibration moves up
2022-10-18
1084
Fundamental analysis:
The Dow Jones Index closed up 553.96 points, or 1.87%, at 30188.79 on October 17 (Monday); The expectation of US dollar interest rate increase and US inflation data continue to disturb the global market. The IMF again lowered the global GDP for next year. OPEC sharply lowered the growth forecast of global crude oil demand in 2022. At the same time, the US Department of Energy cut the demand forecast for 2023.
Dow Jones DJ30 - 4-hour K chart shows:
Technical analysis:
The 4-hour chart shows that the bulls' momentum continues to move up, the market's bullish sentiment heats up, the MACD index is in the bulls' region, and the RSI index is in the 50 balanced online weak side;
Empty turning point: 30237
Pressing: 30433, 30537
Support: 30105, 29963
Trading strategy: bullish above 30237, target 30433, 30537
Alternative strategy: 30237 lower bearish, target 30105, 29963
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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