FTSE 100 trades in six-week lows, S&P 500 in six-month lows while DAX 40 hovers above support
FTSE 100 trades in six-week lows, S&P 500 in six-month lows while DAX 40 hovers above support amid ongoing US tariff threats and fears of US recession.
FTSE 100 trades in six-week lows
On Tuesday the FTSE 100 dropped to a six-week low at 8,464, to marginally above its 8,427 late January low. Were it to give way, the major support zone made up of the July-to-December highs at 8,419-to-8,389 may be revisited but should hold.
Minor resistance above the 55-day SMA at 8,532 sits at the 8,614 late February low.
DAX 40 hovers above key support
The German DAX 40 index dropped to 22,239 on Tuesday, close to its 22,212 late February low below which lies the 21 February low at 22,114. Together these lows form good support.
Were it to be fallen through, the late January high at 21,802 may be revisited.
Minor resistance can be spotted at the 26 February high at 22,829 ahead of the February peak at 22,937.
S&P 500 trades in six-month lows
The S&P 500 remains in six-month lows but tries to recover from Tuesday's low at 5,527. While it underpins, the 5,674-to-5,696 October-to-November 2024 lows may be retested but are likely to act as resistance.
Were Tuesday's low at 5,527 to give way on a daily chart closing basis, a more significant decline towards the August low at 5,091 may be at hand.
This information has been prepared by IG, a trading name of IG Markets 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.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
