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Fed Brainard says it will take measures to reduce inflation

2022-06-03
893
Fundamental analysis:

The Dow Jones index closed up 435.05 points, or 1.33%, at 33248.28 points on Thursday, June 2; At the closing of US stocks, the Dow initially closed higher. Fed vice chairman Brenner: with the passage of time, it is expected that the economy will cool down. In addition, we will take necessary measures to reduce inflation.


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




Technical comments: the power of high short positions maintained a downward shock, and the low position reached the node near 32481, and then rose strongly. It was located in the middle and upper rail section of the Bollinger belt index, and the Bollinger belt index continued to close. The MACD index was located in the long position above the 0 axis, and the RSI index was located in the upper side of the 50 equilibrium line to maintain a narrow shock upward;


Multi empty turning point: 33118


Pressing position: 33485, 33740


Support position: 32906, 32686


Trading strategy: bullish above 33118, target 33485, 33740


Alternative strategy: bearish below 33118, target 32906, 32686


The above analysis is a personal point of view and is for reference only.

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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