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Levels to watch: FTSE 100, DAX and Dow

Indices continue to find buyers, although there is some way to go before last week’s highs are retested.

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.

FTSE 100 eyes further gains

The index recovered from yesterday’s lows, suggesting further buying pressure for the FTSE 100.

But what has been notable over the past week has been the inability to move on above 7250. If that, and then 7300, can be breached, then we have the makings of a longer-term rally. As before, 7090 and 6919 are the support levels for now.

DAX rally hampered by strong euro

While the index continues to remain above its higher low from the beginning of this week, 12,400 has acted as strong resistance for DAX.

A move above here clears the way for a retest of 12,678, the highs from last week. Another fall would look to retest support at 11,909 and then 11,692.

Dow rally goes on

The recovery continues here, as the Dow Jones looks to push back towards 25,000.

The high from last Wednesday, 25,298, is the first level to watch, and above this the 26,705 level comes into play. Support in a downturn is possible at 23,831 and then 23,112.

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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.