FTSE 100, DAX 40 and S&P 500 recover from Friday’s lows
FTSE 100, DAX 40 and S&P 500 recover from Friday’s lows amid US administration policy turmoil.
FTSE 100 bounces off support
Last week the FTSE 100 managed to find support at 8625, marginally above its 8614 late February low.
Were these levels to be fallen through, the 24 January high at 8587 would be next in line, ahead of the early February low at 8509.
Immediate resistance sits at Friday's 8750 high ahead of the breached December-to-March uptrend line at 8762 and the 18 February peak at 8788.
FTSE 100 daily chart
Germany 40 remains bid
The German Germany 40 index recovered from Friday's 22,851 low and targets Friday's 23,287 and the early March 23,307 highs. Above these lies last week's record high at 23,473.
Minor support below the 22,937 mid-February high sits between Friday's 22,851 low and the late February 22,829 high.
Germany 40 daily chart
US 500 is trying to recover from key support
The US 500 remains close to Friday's near five-month low at 5665, marginally below the 5696 to 5674 October-to-November 2024 lows which offer support.
Were it to give way and a daily chart close to be made below last week's 5665 low, a more significant decline may take the US index to its August low at 5091.
Resistance can be spotted along the 200-day SMA at 5755 and between the 7772 to 5798 December-to-January lows.
US 500 daily chart
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