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 S&P 500

Facebook’s results last night have helped calm risk-off fears, with indices continuing to recover from the lows of the week.

Chris Beauchamp ChrisB_IG
Chief Market Analyst, London

Publication date : 2018-04-26T09:34:41+0100

Video poster image

FTSE 100 weaker in opening moves

Early trading is seeing the FTSE 100 eat into the gains from the latter part of yesterday’s session, although it remains around the point where it started the week, and above support at 7350.

If this holds then a move back above 7400 is on the cards, challenging the 7436 high. Below 7350, the 7300 level comes into play as possible support.

FTSE 100 chart

FTSE 100 chart

FTSE 100 chart

DAX looks to hold 12,400

After moving to 12,300 yesterday, the DAX has recovered and buyers are already pushing the price back above 12,400.

The next targets to watch are 12,477 and then 12,551, with a breakout above 12,650 signaling further bullish momentum. Below 12,300, the index targets 12,115.

DAX chart

DAX chart

DAX chart

S&P 500 steadies after recent weakness

The pullback for the S&P 500 seems to have stabilised around 2620, with some gains overnight.

However, we need to see a move above 2676 to suggest the short-term downtrend from the April high at 2720 has run its course. Below 2620, 2580, the low from early April would be the next target.

US 500 chart

US 500 chart

US 500 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.