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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

FTSE 100, DAX 40 and NASDAQ 100 rally on Middle East de-escalation hopes​

​​​FTSE 100, DAX 40 and NASDAQ 100 rally on Middle East de-escalation hopes​ as Israel refrains from attacking Iran oil and nuclear facilities.​

Indices charts Source: Adobe images

​​​FTSE 100 continues to rage trade

​The FTSE 100 has come off its 1 ½ month mid-October high at 8,397, made close to the early and late August peaks at 8,404-to-8,419, and last week slid to 8,222 before finding support.

​On Monday a relief rally due to Israel attacking Iran’s military infrastructure and not crude oil or nuclear facilities over the weekend took the index back towards its 55-day simple moving average (SMA) at 8,287. While Thursday’s high at 8,340 isn’t overcome, short-term downside pressure should prevail.

​A fall through last week’s low at 8,222 would put the September and current October lows at 8,196-to-8,153 back on the map.

FTSE 100 chart Source: IT-Finance.com
FTSE 100 chart Source: IT-Finance.com

​DAX 40 rises amid Middle East de-escalation hopes

​On Monday morning, the DAX 40 index revisited Thursday’s high at 19,558 following a bullish break out of Friday’s inside day pattern amid possible de-escalation in the Middle east. The 15 October high at 19,638 is thus back in view and potentially this year’s record high at 19,683 as well.

​While last week’s low at 19,301 underpins, the medium-term uptrend remains intact. A fall through 19,301 would most likely put the August and mid-September highs at 19,048-to-18,994 back on the cards, though.

DAX 40 chart Source: IT-Finance.com
DAX 40 chart Source: IT-Finance.com

​NASDAQ 100 heads towards July record high

​The NASDAQ 100's drop to last week’s low at 19,928 has swiftly been followed by a rise to last week’s 20,566 3 ½ month high. This remains in sight on Monday with a rise above it putting the July peak at 20,760 back on the cards.

​Immediate support can be spotted around the 20,499 mid-October high and then around the September peak at 20,316.

​While last week’s low at 19,928 underpins, the medium-term uptrend will stay intact.

NASDAQ 100 chart Source: IT-Finance.com
NASDAQ 100 chart Source: IT-Finance.com

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