Skip to content

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

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

FTSE 100 looks likely to hit new highs, amid a widespread move higher for indices.

Data
Source: Bloomberg

FTSE 100 could see 7188

After a week in which the bulls defied all attempts to halt the market’s progress, we are looking at an index at fresh all-time highs.

Any pullback could find support at 7188 and then 7130, with a daily close below this latter level being the only real sign that we have turned and are heading lower. Below this targets would be 7080 and then 7042. 

FTSE 100

DAX eyes 11,929

Friday saw the index recover ground lost earlier in the week, and now we look to see if the index can move above 11,640, in which case we would look towards 11,780 and then 11,929.

As with the FTSE, it looks like bullish momentum will persist, with only a firm drop below 11,400 opening the way to 11,300 and 11,236. 

DAX

S&P 500 could see further gains

Friday’s peak was 2282, so we look to see if this can be broken today, with early indications looking as if more gains will be the result this week.

Downside levels to watch for support would be 2252, 2229 and then 2214 for the index.

S&P 500

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IG Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. 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. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.

Find articles by writer