Markets

Dow Jones – The cops are knocking – Columns

Friday,
December 4th, 2020
16:05

from onemarkets blog

| Views: 110

According to the latest analysis, the Dow Jones Industrial Average® should consolidate. However, the index recovered significantly faster on the one hand and also from a slightly higher price level than preferred on the other. The low on Wednesday was 29,599 points, which narrowly missed the target of 29,569 points. Yesterday the bulls failed at their all-time high of 30,116 points. Today there are signs of another attempt at this brand. On the upside, the relevant resistance at 30,116 points has not changed. Above that, the upward trend would be confirmed and the Dow Jones could head towards 30,620 points. So far, the range between 30,116 and 29,569 points is intact. A small sell-signal would be triggered below 29,569 points with an initial target at 29,199 points. Again below that, the index is very well supported at 29,199 points and above all between 28,958 and 28,892 points. A break in the latter support zone would significantly worsen the chart.

Investors who want to trade procyclical the breakout could hedge positions in the event of such a signal, for example, just below Wednesday’s low, i.e. just below 29,599 points.

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

old
Observation period: 29.09.2020 – 03.12.2020. 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)

old
Observation period: December 1st, 2015 – December 3rd, 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

Underlying WKN Ask rate / EUR Base price / knock-out in pts. lever Final valuation day
Dow Jones® Index HR1Y0F 56.86 23,200.00 4.35 December 15, 2020
Dow Jones® Index HR1HYN 40.41 25,200.00 6.13 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 04.12.2020; 3:44 pm

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 HR14GG 23.51 32,900.00 10.53 December 15, 2020
DowJones® Index HR1J1M 6.03 30,750.00 41.22 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 04.12.2020; 3:46 pm

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The contribution Dow Jones – The cops knock first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
http://blog.onemarkets.de

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