Monday, October 1, 2018

DOWJONES - 01 October 2018

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Fundamental Highlights

US equities closed with little change on Friday as investors wrapped up a quarter that saw strong gains for the US markets. The awaited trade talk between the U.S. and Canada had finally come during Sunday with the two countries reaching a deal that will serve both of them well. The new agreement was named the United States-Mexico-Canada Agreement on Sunday. With this agreement Canada got a benefit from a consent that will keep it free from future auto tariffs from the U.S. Moreover, the U.S. has benefited as well from this agreement as it now has access to Canada’s dairy market.

Technical Analysis

The Dow closed the last session of September with a rise of 18.38 points. During today's session, the index may pull back and move in a downward direction towards the 26537 level. The Dow seems to be a good sell in regards to Monday's session.

Support: 26537 26457
Resistance: 26666 26457

Chart (H1)
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