Wall Street closed mixed at the beginning of the week (30/08); although S&P500 and Nasdaq indexes continued to reach new record highs. Market sentiment is still wrapped in optimism from the dovish statement of the Federal Reserve last weekend. On the other hand, oil prices rose again after Hurricane Ida hit the Louisiana region.
In line with the majority of global exchanges, JCI also experienced a significant rebound at the beginning of the week; with increases in all sectors. The government decided to extend the PPKM period again, although it was accompanied by easing in areas at levels 2 and 3. Technically, the JCI has the opportunity to continue strengthening with a projected range of movement at 6,100 – 6,200.
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