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Levels to watch: FTSE, DAX and Dow

Indices have stumbled this morning, as investors feel let down by Mario Draghi and apprehensive ahead of non-farm payrolls. 

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
A man looking at data on a tablet
Source: Bloomberg

FTSE buyers likely to struggle

The index has spent three days trying to push above 6165, to little effect. With NFPs on the calendar for today, buyers may find it a struggle to mount a real push back higher. So far today 6100 has stemmed the selling, so a move through here would open the way to support at 6066 and then 6014. A bounce would need to clear 6165 and then move towards 6212. 

DAX bears in control

Buyers have lost control here, failing to push on beyond 10,200. First support is likely around 10,115, with 9920 the next real area where selling may stop. A break higher needs to clear above 10,400, which would finally indicate that the index has resumed its uptrend.

Dow unable to progress past 16,500

The 16,500 level continues to stem the upward move, with further selling taking the index back towards 16,000. Should this be broken, then we look towards the August lows once more. Only a move through 16,700 would really restore the bullish trend, and then the index still needs to regain 17,360.

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