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DJ30: Move up strongly

2023-06-02
736
Fundamental analysis:

On June 1 (Thursday), the Dow Jones index closed up 154.09 points, or 0.47%, to 33062.36 points; the number of initial jobless claims in the United States in the week of May 27 was 232,000, which was expected to be 235,000, and the previous value was 229,000. The number of Americans filing for unemployment benefits in the week ending May 27 was the lowest since the week ending April 29, 2023.

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



Brief technical analysis:

Looking at the 4-hour chart: the momentum of the bulls is strong and oscillating upwards, the short-term bullish sentiment is shrouded, the bulls in the market continue to rise, the MACD indicator is hovering around the 0 axis, and the RSI indicator is in a weak order on the side of the 50 balance line;

Resistance level: 33209 33284

Support level: 33027 32961

Trading strategy: Bullish above 33101, target 33209 33284
Alternative strategy: bearish below 33101, target 33027 32961

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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