Markets

Dow Jones – This hurdle is tough

For days, buyers in the Dow Jones Industrial Average® have been biting their teeth at the resistance range between 24,680 and 24,765 points. It is unlikely that this will change before the weekend. Because on Monday, Memorial Day is a holiday in the United States. In advance, buyers will hardly lean too far out of the window.

Only a daily closing price above 24,765 points ends the consolidation of the last few days and unlocks upside potential in the direction of a gap close at 25,227 points. The EMA200 is currently a little above at 25,592 points and acts as a bonus target.

Short-term resets encounter support at 24,060 points. It is even a triple support from Gapoberkante, EMA50 and a overcome downward trend line. If the index falls back into the trend channel, this would unlock downside potential to 23,730 points. In this case, the upward gap in the chart that broke at the start of the week would be properly closed again.

Dow Jones Industrial Average® index in points on daily chart; 1 candle = 1 day (log. Candle chart)

Viewing period: 02.03.2020 – 22.05.2020. Historical considerations are not reliable indicators of future developments. Source: www.guidants.com

Dow Jones Industrial Average® index in points per month; 1 candle = 1 month (log. Candle chart)

Observation period: May 1, 2015 – May 22, 2020. Historical considerations are not reliable indicators of future developments. Source: www.guidants.com

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Investment opportunities

Turbo Bull on the Dow Jones Industrial Average® Index for speculation on an increase in the index

UnderlyingWKNAsk price / EURBase price / knock-out in pointsleverFinal valuation day
Dow Jones® indexHZ8BYK67.6117,050.003.29June 30, 2020
Dow Jones® indexHZ8G8868.3717,000.003.27June 30, 2020
Source: HypoVereinsbank onemarkets; As of May 22, 2020; 3:54 p.m.

Turbo Bear on the Dow Jones Industrial Average® Index for speculation of a loss in the index

UnderlyingWKNAsk price / EURBase price / knock-out in pointsleverFinal valuation day
DowJones® indexHZ6STA 62.7531,300.003.58June 30, 2020
DowJones® indexHZ6SSF 49.3729,850.004.53June 30, 2020
Source: HypoVereinsbank onemarkets; As of May 22, 2020; 3:56 p.m.

Please note the important information and the disclaimer.

This information does not constitute investment advice, but an advertisement. The public offer is made exclusively on the basis of a securities prospectus, which has been approved by the Federal Financial Supervisory Authority (“BaFin”). The approval of the prospectus is not to be understood as a recommendation to purchase these UniCredit Bank AG securities. The prospectus including any supplements are decisive and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities when deciding to invest. You are about to purchase a product that is not easy and can be difficult to understand.

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The Dow Jones contribution – This hurdle is tough first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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