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

After a good performance yesterday, bullish momentum is beginning to flag.  

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.
German stock exchange
Source: Bloomberg

FTSE 100 – a close above 7385 on the way?

Although the FTSE remains stuck in the 7300-7385 range, yesterday’s drop back from the highs managed to create a higher low.

Now it is up to the bulls to post a close above 7385 in order to clear the way for a sustained move higher. A failure to push on above this level could see a return to 7300, and if this breaks a drop to 7260 or lower could be in the offing. 

DAX needs a push above 12,535 for a broader recovery 

Here the DAX has managed to push above the recent intraday resistance zone around 12,485, and now it needs to clear 12,535.

A push above here suggests a broader recovery is in play, potentially moving on to 12,659 and 12,785. Bears will need to get the price back below 12,408 and then 12,300. The price action of the past two weeks suggests that 12,300 is a strong zone of support that will pose a problem for those looking for a bigger drop.

Dow dips to 12,290 have brought buyers

The Dow Jones has essentially gone nowhere for a month, but dips to 12,290 have seen buyers emerge. Now the bulls need to step up and push the price above 12,500 and then 12,563.

Sellers will need to get the price back below 12,171 to really suggest a bigger move lower is in the offing. 

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