Tuesday, October 2, 2018

DOWJONES - 02 October 2018

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Fundamental Highlights

Yesterday was the first day trading of the last quarter of the year. U.S. equity benchmarks pushed higher on the first day as investors cheered news of Canada joining a trade deal with the United States and Mexico. The fourth quarter’s opening session kicked off with an unexpected breakthrough in U.S.- Canada trade negotiations. During a news conference, President Donald Trump called the deal “truly historic.” Among other changes, the deal for the first time sets rules for categories of financial services and digital businesses that have emerged since the bloc was created. The Trump administration's new trade deal with Canada and Mexico leaves much of the old North American Free Trade Agreement intact.

Technical Analysis

Dow Jones rose 192.90 points during the first session of the fourth quarter of the year. During today's session the Index may move in a bullish manner in the direction of the 26669 resistance level where it may break it and move even higher in the direction of the 26720 area. During Tuesday's trading session the Dow seems to be a strong buy.

Support: 26537 26457
Resistance: 26669 26720

Chart (H1)
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