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Dj30: high level oscillation moves up

2022-08-09
1244
Fundamental analysis:

The Dow Jones index closed up 28.45 points, or 0.09%, at 32831.92 on Monday, August 8; The futures traders of the federal funds rate now predict that the possibility of another 75 basis points increase in interest rate in September is 69%, and the federal funds rate will rise from the current 2.33% to 3.62% in March.


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




Technical analysis:


According to the 4-hour chart, the high-level wide range oscillation continues, and the Bulls continue to move upward. The MACD index maintains the consolidation and translation in the Bulls area, and the RSI index hovers at the 50 equilibrium line side;


Long and short turning point: 32783


Pressing position: 33010, 33134


Support position: 32642, 32499


Trading strategy: bullish above 32783, targets 33010 and 33134


Alternative strategy: bearish below 32783, targets 32642 and 32499

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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