Yesterday's slump on the stock markets in Europe has contributed to the downward move in the US as well. Today, one can observe that markets attempt to erase recent losses. Looking at the Dow Jones Index (US30) chart from a technical point of view, the 27,100 pts handle is the key resistance in the near term. It results from the upper limit of local 1:1 structure. If the buyers do not manage to break above, the recent lows at 26,600 pts may be at risk. On the other hand, breaking above the aforementioned resistance will open the way towards the zone at 27,430 pts.
US30 H1 interval Source: xStation5
Daily Summary - Global Sell-Off: Stocks and Crypto Down
US OPEN: Downward Pressure on U.S. Markets Amid Government Shutdown
DE40: European indices in the shadow of risk-off sentiment
The mood for markets shifts, as risk aversion takes hold
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
