Market Prediction Today,

JCI has the opportunity to continue strengthening. Nevertheless, Asian stock indices today are at risk of a decline due to increased concerns over the prospects for global economic growth.

Based on the latest data, China has managed to record good economic growth amidst the weak economies of countries outside China in Asia.

In addition, the strengthening of US dollar put pressure on currencies in developing countries.

JCI closed slightly higher again with a bullish candle. The stochastic indicator has the potential to return to the golden cross, MACD histogram is positive (potential line for the golden cross) and volume increases. JCI has the potential to strengthen again to test the resistance levels of 6,394 - 6,407. Support levels are in the range of 6,307 - 6,321.

Commodities Review

Oil prices rose more than 2 percent at the end of trading Friday (19/3/2021) or Saturday morning WIB, halting five straight days of decline. However, oil prices are down about 7 percent this week as a new wave of coronavirus infections across Europe dampens hopes that fuel demand will recover soon.

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