CM Trade

Download APP to receive bonus

GET

DJ30: Narrow shock

2023-04-23
800
Fundamental analysis:

The Dow Jones index closed up 22.41 points, or 0.07%, at 33,809.03 points on April 21 (Friday); the business expectations of American companies remained optimistic in April, and the level of confidence in the outlook for the coming year rose to the highest level since May 2022 second highest level. The data suggested that consumer price inflation may be picking up, or at least somewhat sticky.

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



Brief technical analysis:

Looking at the 4-hour chart: After the short-term dynamics fluctuated and moved down, it was sorted out in a narrow range, and the bullish sentiment in the market began to emerge, and there were signs of continued recovery in the short term.

Resistance level: 34020 34088

Support level: 33833 33766

Trading strategy: Bullish above 33926, target 34020 34088
Alternative strategy: bearish below 33926, target 33833 33766

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More