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Dow: Back to a high level

Basic face analysis:

On Thursday (August 31), the three major stock indexes of the US stocks rose and declined, and the Dow fell 0.48%. From the beginning of August 26, the number of unemployed gold was recorded in the early week of August 26, which was a new low since July 29. The increase in the increase in the price index in the United States in July was 4.2%, and the increase of 0.2%month -on -month was complied with expectations.

DJ30 four -hour chart

Technical analysis:

Looking at the 4-hour chart, the Dow rebounded near 35100 and fell back. The MACD volume could shrink on the zero axis. The short-term multi-headed trend was weak. Pay attention to the resistance of 34950-35100.

Resistance position: 34950 35150
Support bit: 34500 34300

Trading strategy: 34950 to see the bullish, target 35150 35400
Alternative strategy: 34950, see the drop below, target 34600 34300

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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