US stock markets closed mixed in trading (14/07). In front of the US Congress, the head of the Fed Jerome Powell reiterated his view that the rise in inflation is temporary and will continue to carry out accommodative monetary policy. Meanwhile, crude oil prices were depressed again as no agreement was reached on the production levels.

Domestically, JCI declined again amid the increase in the daily number of Covid-19 cases; which is feared will cause an economic slowdown. BPS will release trade balance data for the period of June; which is estimated to still experience a surplus in line with export growth. Technically, JCI will try to rebound with a range of movement at 5,950 – 6,130.

Download full report HERE.