Markets

Dow Jones – Pure disappointment

The Dow Jones Industrial Average® was not just weaker than expected recently. It was also clearly the weakest of the three major US indices. The index did not even call up the potential in the direction of 26,434 points, but was already caught by the upstream resistance at 26,284 points. In yesterday’s trading, the bears clearly set the tone and pushed the index to new consolidation lows. The chart picture is now clearly struck. In today’s trading, recoveries hit a resistance zone at 25,580 / 25,600 points, where the EMA200 hour also runs. A countermovement in the direction of 25,817 points could only start if this is recaptured. On the underside, the next supports can be found at 25.230 / 25.227 and when these brands break, just under 25,000 points, at 24,992 to 24,964 points.

In addition, the statement remains that the consolidation would only formally end if the index established itself above 26,600 points. The upstream resistances at 26,284 and 26,434 points also continue to exist.

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

Viewing period: 06/09/2020 – 06/24/2020. 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 24, 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 14.31 23,750.00 16.19 08/31/2020
Dow Jones® index HZ2YKA 37.37 21,100.00 6.10 08/31/2020
Source: HypoVereinsbank onemarkets; As of June 25, 2020; 3:10 p.m.

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

Underlying WKN Ask price / EUR Base price / knock-out in points lever Final valuation day
DowJones® index HZ20W8 32.73 28,900.00 6.91 08/31/2020
DowJones® index HZ2UTD 54.99 31,400.00 4.11 08/31/2020
Source: HypoVereinsbank onemarkets; As of June 25, 2020; 3:12 p.m.

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The Dow Jones Post – The Pure Disappointment first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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