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DJ30: high rise

2023-01-13
1107
Fundamental analysis:
The Dow Jones Index closed up 216.24 points, or 0.64%, at 34189.25 points on Thursday, January 12th; the U.S. core CPI annual rate in December was 5.7%, expected to be 5.70%, and the previous value was 6.00%, the smallest since December 2021 increase. U.S. short-term interest rate futures fell after the CPI report, with traders betting the Fed will tighten policy further.

Dow Jones DJ30 - 4-hour K-line chart shows:



Brief technical analysis:

Looking at the 4-hour chart: the market is shrouded in bullish sentiment, the short-term rally may continue, the market bulls continue to climb, the MACD indicator is at a high level in the bullish zone and slowly rising, and the RSI indicator is in the bullish zone for consolidation;
Long-short turning point: 34261
Suppression: 34398, 34492
Support: 34174, 34077
Trading strategy: Bullish above 34261, target 34398, 34492
Alternative strategy: bearish below 34261, target 34174, 34077

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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