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DJ30: strong climb

2023-05-07
804
Fundamental analysis:

The Dow Jones Index closed up 546.57 points, or 1.65%, at 33674.31 points on May 5 (Friday). The U.S. unemployment rate in April was 3.4%, expected to be 3.60%, and the previous value was 3.50%. The non-agricultural employment population in the United States was 253,000 after seasonal adjustment in April, and it was expected to be 180,000, and the previous value was 236,000.

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



Brief technical analysis:

Looking at the 4-hour chart: the low-level bullish momentum is rising strongly, the market is shrouded in bullish sentiment, and there is a trend of continuing to move upward in the short term. The MACD indicator is in the short-term area and moves upward, and the RSI indicator is hovering weakly above the 50 balance line;

Resistance level: 33826 33908

Support level: 33627 33543

Trading strategy: Bullish above 33706, target 33826 33908
Alternative strategy: bearish below 33706, target 33627 33543

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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