Markets

Dow Jones – Buyers are turning up again

The Dow Jones Industrial Average® recently clearly missed the target range on the downside between 26,440 and 26,384 points. Buyers initiated a significant recovery on Friday. Measured against the pre-trading trend, this continues on Monday. The index will start the new trading week with a large gap. This price jump makes it difficult for traders in cash trading to be able to act. It can be said that the index has further recovery potential in the direction of 27,580 points and above up to 27,668 points, where the important 61.8% fibonacci retracement of the last downward stretch is quoted. Only when the bulls clear both hurdles out of the way, the Dow Jones Industrial Average® could continue the upward movement towards 28,170 points, possibly also directly to the interim high at 28,365 points.

The 26,715 point mark has proven to be good support on the bottom. If today’s increase is sold off as a result, this brand would come into play again. But it is only below the previous week’s lows that a final slide into the support zone between 26,440 and 26,384 points becomes more likely.

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

Observation period: 08/07/2020 – 09/25/2020. 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 (logical candle chart display)

Observation period: 01.09.2015 – 25.09.2020. 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

UnderlyingWKNAsk rate / EURBase price / knock-out in pts.leverFinal valuation day
Dow Jones® IndexHR0J3H 42.9622,550.00 5.5010/30/2020
Dow Jones® IndexHR0J57 18.1625,450.00 13.0110/30/2020
Source: HypoVereinsbank onemarkets; As of: 09/28/2020; 3:40 pm

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

UnderlyingWKNAsk rate / EURBase price / knock-out in pts.leverFinal valuation day
DowJones® IndexHR0XAA 37.6831,900.006.2510/30/2020
DowJones® IndexHR0QHB 29.9931,000.007.9010/30/2020
Source: HypoVereinsbank onemarkets; As of: 09/28/2020; 3:42 pm

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The contribution Dow Jones – The buyers turn up again first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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