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DJ30: low shock

2023-03-09
912
Fundamental analysis:

The Dow Jones Index closed down 57.93 points on March 8 (Wednesday), or 0.18%, to 32798.53 points; the number of ADP employment in the United States in February was 242,000, which was expected to be 200,000, and the previous value was 106,000, which was stronger than the increase of 200,000 expected.

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



Brief technical analysis:

Looking at the 4-hour chart: The low-level short-term momentum remains oscillating and moving down, the short-term decline may continue, the market as a whole is in a weak position, the MACD indicator is in the bearish area and slowly descending, and the RSI indicator is in a weak order below the 50 balance line;

Resistance level: 32915 33001

Support level: 32722 32636

Trading strategy: bearish below 32837, target 32722 32636
Alternative strategy: call above 32837, target 32915 33001

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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