CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Levels to watch: FTSE 100, DAX and Dow

Indices continue to find buyers, although there is some way to go before last week’s highs are retested.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-02-14T09:28:31+0000

Video poster image

FTSE 100 eyes further gains

The index recovered from yesterday’s lows, suggesting further buying pressure for the FTSE 100.

But what has been notable over the past week has been the inability to move on above 7250. If that, and then 7300, can be breached, then we have the makings of a longer-term rally. As before, 7090 and 6919 are the support levels for now.

FTSE 100 chart

FTSE 100 chart

FTSE 100 chart

DAX rally hampered by strong euro

While the index continues to remain above its higher low from the beginning of this week, 12,400 has acted as strong resistance for DAX.

A move above here clears the way for a retest of 12,678, the highs from last week. Another fall would look to retest support at 11,909 and then 11,692.

DAX chart

DAX chart

DAX chart

Dow rally goes on

The recovery continues here, as the Dow Jones looks to push back towards 25,000.

The high from last Wednesday, 25,298, is the first level to watch, and above this the 26,705 level comes into play. Support in a downturn is possible at 23,831 and then 23,112.

Dow Jones chart

Dow Jones chart

Dow Jones chart

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.

Find an article

Find articles by writer

CFDS are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

This website is owned and operated by IG Bank S.A. Registered address at 42 Rue du Rhone, 1204 Geneva, authorised and regulated by FINMA.

The information on this site is not directed at residents of the United States and Belgium, or any particular country outside Switzerland and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.