Russia-Ukraine Conflict Continued To Heat Up! What’s Next For DJ30?
lowest forex commission–HXFXglobal reminds you:
Investors’ risk appetite is reduced, and the DJ30 may remain in decline in the short-term.
【Strategy】
Non-Aggressors are advised to wait for better entry. Aggressors are recommended to consider marginal Short at current price. With Target 34000, Stop loss by 34490.
【News】
U.S. industrial output recorded a monthly rate of 0.9% in March and rose for a third straight month, signaling a steady recovery in manufacturing amid improving supply chain issues. The New York Fed manufacturing index in the United States surged to 24.6 in April from the previous value of -11.8, and was significantly higher than the expected 0.5, implying a significant recovery in future manufacturing activities. However, the current conflict between Russia and Ukraine has escalated again. Russia has occupied the main city of Mariupol in Ukraine, and Ukraine has rejected the terms of surrender proposed by Russia. Overall, the DJ30 is likely to remain in a downtrend in the short-term due to the reduction in risk appetite due to rising risk aversion in the market.
【Technical】
In the D1 range, the quotation is at the lower track of Bollinger and below all short-term moving averages, indicating a bearish pattern. The sub-indicator MACD bearish kinetic energy superimposes KD double-line passivation at a low level, which is beneficial for investors to go for a bearish layout.
*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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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
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