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DJ30: wide oscillation

2023-03-15
965
Fundamental analysis:

On March 14 (Tuesday), the Dow Jones index closed up 334.75 points, or 1.05%, to 32153.89 points; the market expects that the overall and core CPI in February will rise by 0.4% month-on-month, and the overall inflation will drop from 6.4% to 6.0% year-on-year. Core inflation will fall to 5.5% year-on-year.

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



Brief technical analysis:

Looking at the 4-hour chart: the low-level long-term dynamics maintain shocks and move up, the short-term bullish sentiment continues, the MACD indicator is in the short-term area, and the RSI indicator is hovering below the 50 balance line;

Resistance level: 32241 32355

Support level: 31978 31887

Trading strategy: Bullish above 32085, target 32241 32355
Alternative strategy: bearish below 32085, target 31978 31887

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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