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 S&P 500

The FTSE 100 is already under pressure this morning, while the DAX is falling back from key resistance. 

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
Source: Bloomberg

FTSE 100 could drop to 6612

There seems a distinct reluctance for the index to go above 6800, with pre-market movements above this level swiftly met by fresh selling.

A failure to push on above 6800, and indeed above 6850, raises the prospect of a move back down to 6750 and potentially lower, towards 6612. 

DAX eyes 10,800

Yesterday’s rally failed to get the price back towards 10,800, so creating a lower high. It is beginning to look increasingly like this index is ripe for a move lower, towards 10,556 and then potentially below.

The 10,600 mark has provided some support over the past week, so we may see buyers enter around this level. A rally needs to clear 10,800. 

S&P 500 could move back to 2108

The index continues to crawl higher, but remains stuck below the 2016 rising trendline.

A breakout above 2190 is the crucial development that has been lacking. A failure to push on above here still risks a move back to 2140 and then 2108. 

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.