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DJ30: move down low

Fundamental analysis:

The Dow Jones Index closed down 252.33 points, or 0.76%, at 33,044.63 points on Thursday, January 19; the number of Americans filing for unemployment benefits unexpectedly fell last week, falling to the lowest level since September last year, highlighting the strength of the job market. Many businesses are reluctant to lay off workers. Initial jobless claims fell by 15,000 to 190,000 in the week ended January 14, compared with the median forecast of 214,000. These data are especially volatile and difficult to seasonally adjust around the holidays.

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

Brief technical analysis:

Looking at the 4-hour chart: the market is shrouded in bearish sentiment, the short-term decline may continue, the overall downward trend has not changed, the MACD indicator is in the low position of the bear area, and the RSI indicator is hovering in the low position of the bear area;

Long and short turning point: 33198

Press: 33291, 33390
Support: 33055, 32972

Trading strategy: bearish below 33198, target 33055, 32972
Alternative strategy: call above 33198, target 33291, 33390

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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