Markets

Dow Jones – The EMA200 is calling

The Dow Jones Industrial Average® recently worked very well on the downward path, and the bulls never got a foot on the ground as a result. Yesterday the new resistance zone between 27,580 and 27,670 points was already having an effect. The index stopped there and then turned to the bottom again. Today it says in the pre-exchange: “Save yourself, if you can!” There is a wave of liquidations taking place, so far to a lesser extent than in the first quarter, but with enormous force. The index should be passed through to the EMA200 at around 26,800 points in the next trading hours. There is the first chance of stabilization there. If this remains unused, the index could head for the September low at 26,537 points. A technical countermovement is likely there at the latest.

There are no clear triggers on the top for now. Major brands are all far away. The support zone between 27,070 and 27,100 points is undercut with the price losses that are becoming apparent today and must first be recaptured.

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

Observation period: August 31, 2020 – October 27, 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: October 1st, 2015 – October 27th, 2020. Historical considerations are not reliable indicators for future developments. Source: www.guidants.com

Investment opportunities

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

UnderlyingWKNAsk rate / EURBase price / knock-out in pts.leverFinal valuation date
Dow Jones® IndexHR1Y0F 31.6623,200.00 7.47December 15, 2020
Dow Jones® IndexHR1HYN 15.0725,200.00 16.32December 15, 2020
Source: HypoVereinsbank onemarkets; Status: October 28, 2020; 2:36 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 date
DowJones® IndexHR14GG 51.8832,900.004.34December 15, 2020
DowJones® IndexHR1J1M 34.2530,750.006.65December 15, 2020
Source: HypoVereinsbank onemarkets; Status: October 28, 2020; 2:38 pm

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The contribution Dow Jones – The EMA200 is calling first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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