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DJ30: range shock

2023-01-04
988
Fundamental analysis:
The Dow Jones Index closed down 12.46 points, or 0.04%, at 33134.79 points on January 3 (Tuesday); the final value of Markit’s service industry PMI in the United States in December: the demand for inputs fell, and the supply of raw materials from suppliers increased, leading to inflationary pressures further relief. In fact, input price inflation was below trend. Sales price increases have also slowed, although they are still rising sharply.

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



Brief technical analysis:
Looking at the 4-hour chart: the market is entangled in low-level range fluctuations in the short term, and there are signs of an opportunity to move downward in the short term. The MACD indicator is weakly hovering around the 0 axis, and the RSI indicator is weakly finishing near the 50 balance line;
Long and short turning point: 33313
Press: 33481, 33655
Support: 33066, 32911
Trading strategy: bearish below 33313, target 33066, 32911
Alternative strategy: call above 33313, target 33481, 33655

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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