Wall Street continued rally at the beginning the week (01/11); with all three major indexes closing at new record highs. The energy sector led gains driven by expectations that oil prices will remain high; along with the recovery in global demand. Meanwhile, the Federal Reserve is expected to approve the start of a
reduction in bond purchases at its meeting this week.
Despite being in the green zone for most of the day, the JCI finally closed 0.58% lower. Market participants still tend to wait and see ahead of the announcement of the results of the Fed meeting and the release of GDP for the third quarter of 2021. Technically, today JCI has the opportunity to continue declining with a range of movement at 6,500-6,627.
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