Levels to watch: FTSE 100, DAX and Dow
Stock markets remain in solid uptrends, with US markets now closing in on all-time highs.
FTSE 100 still pushing higher
The grind higher here has slowed but the FTSE 100 has still recorded new highs for the year.
Further gains target 7560 and 7640, while rising trendline support from the 12 March low at 7080 comes into play around 7370.
DAX eyes up trendline resistance
DAX has almost reached trendline resistance from the January 2018 highs, and a breakout above here then targets 12,400.
Pullbacks have been shallow here over the past week, but a drop back towards 11,800 would still likely see fresh buying pressure emerge.
Dow closes in on new highs
Another 1.5% gain will see the Dow Jones move back to the all-time highs of October.
Recent gains have been supported by rising trendline support from the 27 March low, while a rally above 26,400 would open the way to fresh gains.
The information 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 Bank S.A. 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 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. See full non-independent research disclaimer.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.