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Dj30: high position narrow width finishing

2022-08-05
1180
Fundamental analysis:

The Dow Jones index closed down 85.31 points, or 0.26%, at 32727.19 points on Thursday, August 4; The number of initial jobless claims in the United States rose slightly, close to the highest level since November last year, indicating that the labor market continues to slow down.


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




Technical analysis:


According to the 4-hour chart: in the short term, it is at a high level and maintains a narrow consolidation and translation, the market as a whole is still in the long region, the MACD index is in the long region and maintains a consolidation and translation, and the RSI index is at the 50 equilibrium online side;


Long short turning point: 32638


Pressing position: 32843, 33010


Support position: 32499, 32334


Trading strategy: bullish above 32638, target 32843, 33010


Alternative strategy: bearish below 32638, target 32499, 3233

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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