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.
Established in 1974
Over 185,000 clients worldwide
15,000 markets worldwide

Levels to watch: FTSE, DAX and Dow

Although indices look stronger than they did at the end of last week, the bullish outlook needs further momentum today to avoid stagnation.

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.
Data board
Source: Bloomberg

FTSE 100 aims for April high
The index was knocked back below 6300 yesterday, with the price still unable to push much higher. If it does close above 6300, the next target is 6430 and the April high.

A failure to push on today may suggest bullish momentum is fading and that the price will return to the key support zone around 6060. Only a move through the April high will signal the uptrend from the February lows is back in action.

DAX moves higher
Yesterday’s strong move for the index cancelled out Friday’s bearishness, with upside targets now at 10,400 and then 10,530. Beyond this, the next area to watch will be 10,800/11,000.

A failure to push on today and a close below 10,200 would suggest a new move lower may materialise, with a first target around 9800. 

Dow looks to gain momentum
A brief push over 18,000 did not yield further gains for the index, so buyers need to discover some momentum today if we are not to risk a turn lower.

A move higher heads towards the April peak at 18,180, while a first area of support would be around 17,700, and then down to 17,500.

This information has been prepared by IG, a trading name of IG 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. 

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.

Find articles by analysts