The three main US markets simultaneously continued their decline on (19/05). The release of The Federal Reserve meeting minutes provides an initial indication for the adjustment plan of the purchase of government debt securities. Meanwhile, oil prices also fell following the increase in Covid-19 cases in the Asian region, which was feared to reduce demand.
In line with the movement of the global market, JCI was again under pressure amid the lack of new positive sentiment. Market players will be watching the release of trade balance data for April 2021, which is predicted to remain in the surplus area. For today, JCI has the opportunity to continue its decline with a range of movement at 5,737 – 5,839.
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