The S&P 500 and Dow Jones set another closing records on (29/12). Investors seemed quite optimistic about the low level of hospitalization caused by the Omicron variant of Covid-19, even though the number of cases has increased sharply. Meanwhile, crude oil prices were stable after a report showed US stockpiles fell by 3.1 million barrels last week.
Domestically, JCI managed to once again close at 6,600 with a slight increase of 0.04% yesterday. The lack of new positive sentiment has caused market players to remain cautious during a period that is generally synonymous with window dressing. Entering the last trading day in 2021, the JCI has the opportunity to move higher with a projected range of movement at 6,580 – 6,700.
Download full report HERE.
