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Dj30: high level narrow width finishing

2022-08-10
1247
Fundamental analysis:

The Dow Jones index closed down 56.29 points, or 0.17%, at 32776.25 on Tuesday, August 9; Traders waited for the key US inflation data to be released, with a view to finding the prospect of changes in price upward pressure, and studying the necessity of the Federal Reserve to continue to promote a substantial interest rate increase.


Dow Jones index dj30 - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the high level maintains a narrow range of consolidation and translation, the market may maintain a weak and volatile trend in the short term, the MACD index maintains a consolidation and translation in the long region, and the RSI index hovers in a narrow range near the 50 equilibrium line;


Long and short turning point: 32783


Pressing position: 32918, 33042


Support position: 32642, 32499


Trading strategy: bearish below 32783, targets 32642 and 32499


Alternative strategy: bullish above 32783, targets 32918 and 33042

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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