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Dj30: high level up

2022-08-12
1183
Fundamental analysis:

The Dow Jones index closed up 27.03 points, or 0.08%, at 33336.54 on Thursday, August 11; The inflationary pressure has been concentrated on commodities, but as the covid-19 pandemic eased, consumers have refocused their spending on services. Fed policymakers worry that accelerating inflation in the service sector will be more difficult to unravel.


Dow Jones index dj30 - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the high-level bulls have strong power to pull up and reorganize, and the short-term bulls have continued to move upward. The MACD index maintains consolidation and translation in the long area, and the RSI index is weak in the long area;


Long and short turning point: 33277


Pressing position: 33504, 33638


Support position: 33137, 33007


Trading strategy: bullish above 33277, targets 33504 and 33638


Alternative strategy: bearish below 33277, targets 33137 and 33007

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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