FED Hawkish Sounded Loudly, Trends Of TECH100 In Bearish.
The President Of The New York FED Recently Said That In Response To High Inflation, Raising Interest Rates By 50 Basis Points Would Be An Option.
Investors can test to trade in a sell order with near the current price, target on 14600, stop loss on 14800.
Yemen’s Houthis attacked Saudi crude oil facilities on Friday, investors worried about the interruption of crude oil supply, impacting market risk appetite, bearish for TECH100. The President of the New York FED recently stated that FED needs to raise interest rates more aggressively to deal with high inflation, and raising interest rates by 50 basis points would be an option. Looking at the above factors, TECH100 short-term volatility is likely to be turning down.
In the 60minutes K-line chart, (5,10,20MA) three moving average level tangled, MACD is not strong in bullish ways but still stable, RSI is running below 50, looking at the above indicators, TECH100 has a high probability of turn down in short-term shocks, Investors are recommended to trade in a low positions and close orders in high positions, biased to trade with a sell order.
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