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Dj30: the high level continues to rise

2022-08-15
1230
Fundamental analysis:

The Dow Jones index closed up 424.77 points, or 1.27%, at 33761.44 on Friday, August 12; Inflation in the United States has cooled down, after which market participants lowered their expectations of the Federal Reserve's aggressive interest rate increase; Investors assessed whether the marked slowdown in inflation would reduce the rate of interest rate increase by the Federal Reserve.


Dow Jones index dj30 - 4-hour K-line chart shows:




Technical analysis:


According to the 4-hour chart, the high level continues to fluctuate and pull up, and there is no sign of stopping the short-term bulls. The bullish sentiment of the market is shrouded. The MACD index remains in the long area and moves upward, while the RSI index remains in the high level of the long area;


Long and short turning point: 33646


Pressing position: 33873, 34033


Support position: 33518, 33366


Trading strategy: bullish above 33646, target 33873, 34033


Alternative strategy: bearish below 33646, targets 33518 and 33366

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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