简体中文
ภาษาไทย
繁體中文
Indonesia
DJ30: short-term decline
2023-05-12
793
Fundamental analysis:
The Dow Jones index closed down 221.29 points, or 0.66%, at 33310.04 points on Thursday, May 11. The number of Americans filing for unemployment benefits last week rose to the highest level since 2021, indicating that the labor market is cooling. The most recent figure is above the weekly average of about 220,000 in 2019 (before the outbreak). Jobless claims are trending higher this year, suggesting jobless claims are rising from historic lows.
Dow Jones DJ30 - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the short-term momentum has fallen strongly, the short-term decline may continue, the market is shrouded in bearish sentiment, the MACD indicator is in the bearish area and slowly moving down, and the RSI indicator is in a weak order below the 50 balance line;
Resistance level: 33509 33597
Support level: 33282 33201
Trading strategy: bearish below 33422, target 33282 33201
Alternative strategy: call above 33422, target 33509 33597
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 AccessDaily Trading Strategy
Download Now
CM Trade Mobile Application
Economics Calendar
More
