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 100, DAX and Dow

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

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

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

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

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