Markets

Dow Jones – The monthly candle stands

The month of June is history and the monthly candle is now in the Dow Jones Industrial Average®. Since the index had clearly moved away from the June highs recently, this candle also leaves a bearish impression. However, the recovery in recent days has led to the candle body at least standing white. A monthly closing price in the area of ​​the monthly lows was avoided.Most recently, the Dow Jones Industrial Average® has been defending an uptrend variant since April, if only with a hitch. This means that buyers retain the opportunity to continue the recovery. In yesterday’s trading, the index closed slightly above a short-term downtrend variant. If this signal is confirmed today, the index could move towards 25,994 points and above 26,384 points. The cards are then reshuffled there.

If, on the other hand, the good approaches fizzle out and if the index tends to drop significantly again today, you have to be prepared for a tough summer trade. The focus is primarily on the support zone between 24,765 and 24,680 points. If this breaks too, the buy signal from May would be history. In a first step, the index should then drop to 23,730 points and close the gap there.

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

Viewing period: 30.03.2020 – 26.06.2020. 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 26, 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 17.14 23,750.00 13.38 08/31/2020
Dow Jones® index HZ2YKA 40.27 21,100.00 5.69 08/31/2020
Source: HypoVereinsbank onemarkets; As of: 01.07.2020; 2:30 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 30.03 28,900.00 7.63 08/31/2020
DowJones® index HZ2UTD 52.44 31,400.00 4.37 08/31/2020
Source: HypoVereinsbank onemarkets; As of: 01.07.2020; 2:32 p.m.

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

Author: Bastian Galuschka

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