Markets

Dow Jones – In a roundabout way

The Dow Jones Industrial Average® has been stuck in a consolidation for days. In yesterday’s trading, the index initially hit another low, which was immediately countered by the bull side. Nevertheless, the index remained below important resistances.The pre-IPO trend is friendly. The index should therefore open again towards the technical hurdle at 26,434 points. A breakout above unlocks potential towards 26,600 points. Only if the Dow Jones Industrial Average® overcomes this hurdle would the consolidation be formally completed and a further increase to 26,836 points and above 27,020 to 27,085 points will be possible.

From now on, the intermediate low from yesterday is important on the bottom. Even if the index rises above 26,600 points, hedges below this low at 25,668 points could be placed in the market. Slightly below this mark, the EMA200 hour and a horizontal line at 25,580 points will soon form a cross support.

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

Viewing period: 05.06.2020 – 22.06.2020. 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: June 1, 2015 – June 22, 2020. Historical considerations are not reliable indicators of future developments. Source: www.guidants.com

Investment opportunities

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

Underlying WKN Ask price / EUR Base price / knock-out in points lever Final valuation day
Dow Jones® index HZ20TK 22.89 23,750.00 10.17 08/31/2020
Dow Jones® index HZ2YKA 45.99 21,100.00 5.07 08/31/2020
Source: HypoVereinsbank onemarkets; As of June 23, 2020; 3:04 p.m.

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

Underlying WKN Ask price / EUR Base price / knock-out in points lever Final valuation day
DowJones® index HZ20W8 23.48 28,900.00 9.91 08/31/2020
DowJones® index HZ2UTD 45.70 31,400.00 5.09 08/31/2020
Source: HypoVereinsbank onemarkets; As of June 23, 2020; 3:06 p.m.

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The contribution Dow Jones – Detours first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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