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Dow Jones Industrial Average: high and narrow range fluctuation
2022-07-26
1253
Fundamental analysis:
The Dow Jones index closed up 90.75 points, or 0.28%, at 31990.04 points on Monday, July 25; Overnight index swaps show that the Federal Reserve will raise interest rates by 75 basis points this week. Subsequently, the Federal Reserve is expected to raise the federal funds rate to about 3.3% by the end of this year.
Dow Jones dj30 - 4-hour K-line chart shows:
Technical analysis:
According to the 4-hour chart: in the short term, it is in the high narrow range consolidation, the amplitude space is gradually narrowed, the high level begins to slowly retreat, the short momentum shows signs of waiting for the opportunity to enter, the MACD index is in the high weak hovering in the long region, and the RSI index is in the narrow range consolidation near the 50 equilibrium line;
Long short turning point: 31882
Pressing position: 32024, 32165
Support position: 31686, 31561
Trading strategy: 31882 bearish below, targets 31686, 31561
Alternative strategy: bullish above 31882, targets 32024, 32165
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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