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DJ30: low climb

2023-05-28
754
Fundamental analysis:

The Dow Jones Index closed up 328.69 points, or 1.00%, at 33093.34 points on May 26 (Friday); U.S. economic data showed that the Federal Reserve may further raise interest rates in the future, and its impact exceeded signs of progress in debt ceiling negotiations. Futures therefore erased some of their gains.

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



Brief technical analysis:

Looking at the 4-hour chart: The momentum of low-level bulls continues to rise, short-term bullish sentiment emerges, the market bulls are constantly moving upwards, the MACD indicator is in the bearish area and moves up, and the RSI indicator maintains shocks and moves up to the 0 axis.

Resistance level: 33205 33279

Support level: 33007 32932

Trading strategy: Bullish above 33087, target 33205 33279
Alternative strategy: bearish below 33087, target 33007 32932

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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