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Daily Market Analysis 28.12.2022: US30

Instrument: US30

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if price trades above 33537 with take profit at 33596
Bearish Preference: 
A Sell position is envisaged if price trades below price 33351 with take profit at 33293
Fundamentals:
No Major Fundamentals 

Comment:  
Dow futures rose to start the last week of the year, as optimism over China’s restrictive COVID policies ending sparked hope of a Santa rally. Chinese officials announced that quarantining would no longer be required for inbound travelers as of January 8th, 2023. Only a negative PCR test would be required, a decrease in requirements that has already led to a spike in travel bookings from Chinese consumers.

Analysis: SCRUM Team

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