Friday, September 7, 2018

DOWJONES - 07 September 2018

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Fundamental Highlights

U.S. equities closed mostly lower after Thursday’s session as investors awaited the latest developments in the trade dispute between the U.S. and China and efforts to reform the North American Free Trade Agreement, with Canada in focus. The relationship between China and US remains tense. Market participants remain on the sideliens after a report from Bloomberg late last week revealed that the U.S. administration was on standby to impose additional levies on $200 billion worth of Chinese goods as soon as this week. Reuters reported that China's Commerce ministry stated Thursday that Beijing would retaliate if Washington was to inflict these new tariffs. Technology stocks also weighed on the U.S. market while energy shares fell on weak crude prices. Moreover, we are awaiting key job data reports due later this Friday.

Technical Analysis

The Dow rose 20 points during Thursday's session. In today's session the index seems to start its day in a bullish move towards the 26088 figure and then reverse in a bearish manner towards the 25926 area.

Support: 25926 25848
Resistance: 26088 26171

Chart (H1)
DOWJONES

 
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