Tensions In E.Europe Gradually Easing, DJ30 Bull Returns?
Russia-Ukraine Conflict Improved, EU & US Stock Markets Risen One After Another
Aggressors are recommended to consider marginal Long at market price, Target 35000, Stop-Loss by 34660.
Non-Aggressors are advice to wait for more secure entry.
The situation in Eastern Europe has eased, with the Russian Defense Ministry saying some troops in Ukraine are being sent back to their bases, and Russian President V.Putin claims that more talks will be held with the U.S. and NATO. In addition, the monthly rate of PPI in the U.S. recorded 1% in January, exceeding the estimate of 0.5%, which represented that the cost of the corporations is rising and whom may transfer the addition cost to the customers by upregulating the selling price, what would most likely result with the continuity in escalation over CPI in the future. To sum up, the situation in Eastern Europe has eased, that favors DJ30 to hold the potential to prolong it’s rebound.
In the Daily range, the market price broke through 5 & 20MAs that indicates the initial rebounding layout has been established. MACD’s Longing momentum is stepping up and up, moreover, KD wanders in the vicinity of 50, which represents the current sentiment is neutral. In brief, DJ30 may possibly extend it’s rebounding trend. Hence, would suggest Investors to consider operation prone Bull for the main idea for the most possible interest for the time being.
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