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US inflation data may prompt a 75 basis point rise in interest rates

2022-06-14
926
Fundamental analysis:

On Monday, June 13, the Dow Jones index closed down 975.39 points, or 2.79%, at 30517.40; US inflation data may prompt the Federal Reserve to raise interest rates by 75 basis points on Wednesday.


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




Technical comments: the short power continued to decline near the downtrack of the Bollinger belt index. After the low level reached the node near 30362, the air conditioning power continued to decline in the short term. After the Bollinger belt index showed an opening trend, the high level began to close slowly. The MACD index continued to move downward in the short area, and the RSI index was reorganized near the 15 equilibrium line in the oversold area;


Multi empty turning point: 30615


Pressing position: 30828, 31040


Support position: 30314, 30115


Trading strategy: 30615 bearish below, target 30314, 30115


Alternative strategy: bullish above 30615, target 30828, 31040


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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