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JPN225: low down

2022-12-06
1027
Fundamental analysis:
The Nikkei 225 Index closed up 51.10 points, or 0.18%, at 27829.00 points on December 5 (Monday). Japan began imposing price caps on Russian crude on Monday. In consideration of Japan's energy security, crude oil from the Sakhalin-2 project will be excluded from the price cap.

The Nikkei JPN225——4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: The low-level short positions fluctuate upwards, and the short-term resistance falls again. The market is shrouded in bearish sentiment, and the short-term decline may continue. The MACD indicator is in the low position of the short-selling area, and the RSI indicator is below the 50 balance line.
Long and short turning point: 27685
Suppression: 27758, 27838
Support: 27581, 27520
Trading strategy: bearish below 27685, target 27581, 27520
Alternative strategy: call above 27685, target 27758, 27838

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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