Major US markets closed lower on trading (23/03/2021). The increase of Covid-19 cases in European countries raises concerns about the reintroduction of lockdown policies. Meanwhile, the speech of Fed chief Jerome Powell and Finance Minister Janet Yellen before the congress did not get a positive response from the market.
In line with the majority of global markets, JCI also continued its decline leaving its fair consolidation area. Diminishing prospects for world economic recovery resulted in the decline of oil prices which fell by 6% yesterday. For today, JCI still has the potential to continue its decline with a range of movements at 6,167-6,344.
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