Markets

Dow Jones – There is a technical backlash

The Dow Jones Industrial Average® marked another low on Friday and also fell out of the trend channel. However, the bulls started a reversal, which also created a bullish day candle. This resulted in further purchases at the start of the new trading week. A further price jump is indicated in the pre-market period. Ideally, the bulls will close the gap at 27,458 points and thus clean up the chart on the upside. In the area of ​​the gap there is also a horizontal line, with which the zone gains even more significance by 27,450 points.

If, on the other hand, the Dow Jones Industrial Average® falls out of the trend channel one more time and confirms this signal at the daily closing price, a test of the intermediate low at 25,992 points would be regarded as the minimum. On the contrary, there is a risk of a significant relapse in this scenario, whereby the price corridor between 25,010 and 24,765 points should prove to be solid support. At least a rebound from this price level seems likely.

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

Observation period: May 19, 2020 – November 2, 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: November 1st, 2015 – November 2nd, 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 date
Dow Jones® IndexHR1Y0F 35.4823,200.00 6.58December 15, 2020
Dow Jones® IndexHR1HYN 18.8525,200.00 12.39December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 03/11/2020; 2:32 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® IndexHR14GG 49.6332,900.004.70December 15, 2020
DowJones® IndexHR1J1M 31.3730,750.007.44December 15, 2020
Source: HypoVereinsbank onemarkets; Status: October 39, 2020; 2:34 pm

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The contribution Dow Jones – There is a technical backlash first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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