Markets

Dow Jones – resistance continues to be targeted by the cops

The Dow Jones Industrial Average® initially set back slightly in yesterday’s trading, before there was another upward movement shortly after the opening, which led the index further to the area of ​​the next important price resistance at 28,892 points. This upward move is likely to continue in today’s trading.

After the return to the support at 28,169 points, which was quickly prevented yesterday, and the upward trend line running there, the bulls have maneuvered themselves into a promising situation: The resistance at 28,892 points could be attacked today. A strong setback can still be expected there, however, which can easily lead to 28,169 points. If, on the other hand, the index jumps above the 28,892 point mark, the way to the all-time high of 29,568 points would in principle be free.

Should the Dow Jones Industrial Average® break below 28,169 points in the further course, at least the rally phase would be interrupted since the beginning of August and a sell-off of up to 27,572 points is likely.

Dow Jones Industrial Average® Index in points on the daily chart; 1 candle = 1 day (lin. Candle chart display)

Observation period: 02/27/2020–09/01/2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Dow Jones Industrial Average® Index in points on the monthly chart; 1 candle = 1 month (lin. Candle chart display)

Observation period: October 1st, 2014 – September 1st, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Investment opportunities

Turbo Bull on the Dow Jones Industrial Average® Index for speculation that the index will rise

Underlying WKN Ask rate / EUR Base price / knock-out in pts. lever Final valuation date
Dow Jones® Index HR0J3H 52.61 22,550.00 4.61 10/30/2020
Dow Jones® Index HR0J57 28.25 25,450.00 8.60 10/30/2020
Source: HypoVereinsbank onemarkets; Status: 02.09.2020; 2:30 p.m.

Turbo Bear on the Dow Jones Industrial Average® Index for speculation that the index may lose value

Underlying WKN Ask rate / EUR Base price / knock-out in pts. lever Final valuation day
DowJones® Index HR0XAA 26.98 31,900.00 8.98 10/30/2020
DowJones® Index HR0QHB 19.51 31,000.00 12.42 10/30/2020
Source: HypoVereinsbank onemarkets; Status: 02.09.2020; 2:32 pm

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The Dow Jones contribution – resistance continues to be targeted by the cops first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Thomas May

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