Skip to content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Levels to watch: FTSE 100, DAX and S&P 500

While the US pushes higher, the FTSE 100 is trying to bounce after yesterday’s failure. 

Data
Source: Bloomberg

FTSE 100 dip buyers try for a second day

The FTSE 100 continues to languish around 7650, but has found support around 7620.

A turn higher will challenge the downtrend from the January highs, but we will need to see a push above 7750 to create a new higher high. 

FTSE 100 chart

DAX holds above 13,300

Despite being knocked back over the past two days, the DAX continues to hold its ground above 13,300.

The levels coming into play include13,427, 13,533, and then the all-time high at 13,601. Below 13,211, the price will head towards 13,095 and then 12,954. 

DAX chart

S&P 500 presses higher

Dips for the S&P 500 down to 2830 found buyers, so we look for the march higher to resume.

Below 2824, 2807 comes into play. 

US 500 chart

This information has been prepared by IG, a trading name of IG Australia Pty Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Find articles by writer