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US data increased downward pressure on US Treasuries

2022-06-01
879
Fundamental analysis:

The Dow Jones index closed down 220.99 points, or 0.67%, at 32991.97 points on Tuesday, May 31; At the close of the US stock market, the three major stock indexes closed lower, and the Dow index initially closed lower. US data, including the stronger than expected MNI Chicago business climate index and consumer confidence, increased the downward pressure on US Treasury bonds.


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




Technical comments: the upper rail section of the Bollinger belt index channel continued to fluctuate and rise, the high level reached the nodes near 33440 and retreated for consolidation, the Bollinger belt index continued to close, the MACD index was in the long area, Wichita consolidation slowly retreated, and the RSI index was in the long area and continued to move downward;


Multi empty turning point: 33125


Pressing position: 33485, 33801


Support position: 32764, 32475


Trading strategy: down 33125, target 32764, 32475


Alternative strategy: bullish above 33125, target 33485, 33801


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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