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DJ30: low down

Fundamental analysis:

The Dow Jones Index closed down 542.35 points on March 10 (Friday), or 1.65%, to 32256.05 points; the U.S. unemployment rate in February was 3.6%, expected to be 3.40%, and the previous value was 3.40%. The seasonally adjusted non-agricultural employment population in the United States in February was 311,000, which was expected to be 205,000, and the previous value was 517,000.

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

Brief technical analysis:

Looking at the 4-hour chart: the short-term dynamics remain oscillating and moving down, the short-term downward trend is good, the market bearish sentiment emerges, the MACD indicator is in the short-term area and the RSI indicator is in the short-term area for consolidation;

Resistance: 32090 32193

Support level: 31817 31719

Trading strategy: bearish below 31969, target 31817 31719
Alternative strategy: call above 31969, target 32090 32193

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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