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Russia-Ukraine Conflict Might Cooldown After Reaching Peaks, Dow Rebound Can Be Expected
Swiss National Bank(SNB) analysts said any dips triggered by geopolitical events were short-lived.
Investors can go long positions with current price, with Target 34100 and Stop-Loss by 33750.
The war between Russia and Ukraine has continued, countries have expanded sanctions against Russia, Russian President Vladimir Putin has ordered the strategic nuclear force to enter the highest alert, and Russia has begun to evacuate its citizens from Europe. The market is worried that the conflict will escalate into the third world war, and the risk aversion is strong, putting pressure on the Dow. However, Swiss National Bank(SNB) analysts said that historically, declines triggered by geopolitical events are short-lived, with markets usually falling within the first week, but with a high probability of rising within three months. Therefore, the Dow is expected to rebound after a significant short-term correction.
In the 60-minutes level chart, (5,10,20 MA) three average lines were tangled and rose, the bullish strength of MACD is weakened but still exists, KD formed a golden cross above 50. Looking at the above information, Dow is expected to maintain an oscillate and bullish trend in the short-term, investors were suggested bargaining hunting.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.
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