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Dj30: low weak shock

2022-08-25
1139
Fundamental analysis:

The Dow Jones index closed up 61.12 points, or 0.19%, at 32970.71 on Wednesday, August 24; According to the preliminary report released by the US government, the number of orders for durable goods in the United States in July was basically the same as last month, reaching 273.5 billion US dollars. In July, the shipment volume of durable goods manufacturing increased by 0.4% compared with June, with a total value of 270.5 billion yuan.


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




Technical analysis:


According to the 4-hour chart, the short power maintains the weak shock downward. After the low short-term shock consolidation, the Bulls show signs of waiting for an opportunity to enter the market. The MACD indicator remains weak in the short area, and the RSI indicator is in the weak consolidation below the 50 equilibrium line;


Long and short turning point: 32921


Pressing position: 33064, 33188


Support position: 32808, 32691


Trading strategy: bullish above 32921, targets 33064 and 33188


Alternative strategy: bearish below 32921, targets 32808 and 32691

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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