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Yellen said the US faced "unacceptable inflation levels"

2022-06-08

933

DJ30

Fundamental analysis:

The Dow Jones index closed up 264.03 points, or 0.80%, at 33179.81 points on Tuesday, June 7; US Treasury Secretary Yellen told senators that the US is facing "unacceptable inflation levels" and needs to take appropriate budget positions to help curb inflationary pressures without damaging the economy.

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

Technical comments: maintain a wide range of concussion and translation in the Bollinger belt index channel for a long time. During this period, spy the nodes of the upper and lower rail sections for many times. The Bollinger belt index continues to translate in a closing trend. The MACD index hovers around the 0 axis, and the RSI index fluctuates around the 50 equilibrium line;

Multi empty turning point: 32995

Pressing position: 33328, 33521

Support position: 32788, 32579

Trading strategy: bullish above 32995, target 33328, 33521

Alternative strategy: down 32995, target 32788, 32579

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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Yellen said the US faced "unacceptable inflation levels"

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