Dow Jones Faces Bearish Pressure Near 44,000 as Rising Wedge Signals Breakdown; Support Seen at 43,805 & 43,330
DOW JONES was down on Tuesday morning after testing the high level of 44316 in the last trading session as investors awaited consumer inflation data that could influence the Federal Reserve’s policy outlook. July CPI is expected to rise 0.2%, just below June’s 0.3%, while the annual rate is projected to accelerate for a third consecutive month to 2.8%.
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