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DJ30: range shock

2023-02-06
978
Fundamental analysis:

The Dow Jones Index closed down 128.88 points, or 0.38%, to 33925.06 points on February 3 (Friday). The unemployment rate in the United States in January was 3.4%, expected to be 3.60%, and the previous value was 3.50%. The seasonally adjusted non-agricultural employment population in the United States in January was 517,000, an expected 185,000, and the previous value was 223,000, the largest increase since July 2022.

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



Brief technical analysis:

Looking at the 4-hour chart: the high short-term range fluctuates, the market's long-short momentum is in a state of anxiety, and there is no sign of making a final direction decision. The MACD indicator is hovering weakly on the upper side of the 0 axis, and the RSI indicator is weakly finishing near the 50 balance line;

Long-short turning point: 33987

Press: 34071, 34158
Support: 33874, 33803

Trading strategy: bearish below 33987, target 33874, 33803
Alternative strategy: Bullish above 33987, target 34071, 34158

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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